Following are the transactions of a new company called pose-for-pics. aug. 1 madison harris, the owner, invested $7,300 cash and $34,300 of photography equipment in the company in exchange for common stock. 2 the company paid $2,900 cash for an insurance policy covering the next 24 months. 5 the company purchased office supplies for $960 cash. 20 the company received $4,131 cash in photography fees earned. 31 the company paid $755 cash for august utilities. prepare an august 31 trial balance for pose-for-pics. debit credit cash offices prepaid insurance photography equipment common stock photography fees earned utilities expense totals