Aug. 1	Madison Harris, the owner, invested $9,750 cash and $41,925 of photography equipment in the company in exchange for common stock.
2	The company paid $2,500 cash for an insurance policy covering the next 24 months.
5	The company purchased office supplies for $1,853 cash.
20	The company received $3,500 cash in photography fees earned.
31	The company paid $866 cash for August utilities.

Prepare general journal entries for the above transactions.