What is the common stock? Fill in blanks.

Required information [The following information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. August 1 August 2 August 5 August 20 August 31 M. Harris, the owner, invested $7,500 cash and $32,250 of photography equipment in the company in exchange for common stock. The company paid $3,900 cash for an insurance policy covering the next 24 months. The company purchased supplies for $1,425 cash. The company received $2, 250 cash from taking photos for customers. The company paid $874 cash for August utilities. Analyze each transaction above by showing its effects on the accounting equationspecifically, identify the accounts and amounts (including + or ) for each transaction. Use the following partial chart of accounts: Cash; Supplies; Prepaid Insurance; Equipment; Common Stock; Services Revenue; and Utilities Expense. Date August 1 August 1 August 2 August 2 August 5 August 5 August 20 August 31 iabilities Cash quipment repaid insurance Cash Supplies Cash Cash Cash Assets (+) increase +) increase (+) increase () decrease (+) increase () decrease +) increase () decrease 7,500 32,250 3,900 3,900 1 ,425 1 ,425 2,250 874 Common Stock Services revenue Utilities expense Equity (+) increase (+) increase (-) decrease