August $1$ M$.$ Harris, the owner, invested $$6,250$ cash and $$26,875$ of photography equipment in the company in exchange for common stock.

August $2$ The company paid $$2,900$ cash for an insurance policy covering the next $24$ months.

August $5$ The company purchased supplies for $$1,188$ cash.

August $20$ The company received $$3,450$ cash from taking photos for customers.

August $31$ The company paid $$874$ cash for August utilities.

Analyze 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.