Subject: !Required informationUse the following information for Exercises 9-12 below. (Algo)[The following information applies to the questions displayed below.]Following are the transactions of a new company called Pose-for-Pics.August 1 Madison Harris, the owner, invested $5,500 cash and $23,650 of photography equipment in the companyin exchange for common stock.August 2 The company paid $3,500 cash for an insurance policy covering the next 24 months.August 5 The company purchased supplies for $1,045 cash.August 20 The company received $3,750 cash from taking photos for customers.August 31 The company paid $883 cash for August utilities.Exercise 2-11 (Algo) Analyzing transactions using accounting equation LO A1Analyze each transaction above by showing its effects on the accounting equation-specifically, 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.DateAugust 1August 1August 2August 2August 5August 5August 20August 31Assets========Liabilities+++++++++Equity

Name: Subject: !Required informationUse the following information for Exerci
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Description: Subject: !Required informationUse the following information for Exercises 9-12 below. (Algo)[The following information applies to the questions displayed below.]Following are the transactions of a new company called Pose-for-Pics.August 1 Madison Har