Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $880 cash. 20 The company received $3,331 cash in photography fees earned. 31 The company paid $675 cash for August utilities. Journal entry worksheet The company paid $2,100 cash for an insurance policy covering the next 24 months. Note: Enter debits before credits. Date General Journal Aug 02 Debit Credit Journal entry worksheet