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(9) Required information Use the following information for Exercise 2-9 through Exercise 2-12 below....

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Accounting

(9)
Required information
Use the following information for Exercise 2-9 through Exercise 2-12 below. (Static)
[The following information applies to the questions displayed below.]
Foliowing are the transactions of a new company called Pose-for-Pics.
August 1 K . Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company.
Rugust 2 The company paid $2,100 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $880 cash.
August 28 The company received $3,331 cash from taking photos for customers.
August 31 The company paid $675 cash for August utilities.
Exercise 2-11(Static) Analyzing transactions using accounting equation LO A1
Znalyze each transaction above by showing its effects on the accounting equation-specifically, Identify the accounts and amounts
lincluding + or -) for each transaction. Use the following partial chart of accounts: Cash: Supplies: Prepald insurance: Equipment: M.
Harris, Capital; Services Revenue: and Utilities Expense.
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