August 1 M. Harris, the owner, invested $10,758 cash and $46,225 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,700 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,043 cash. August 20 The company received $3,900 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities. Exercise 2-9 (Algo) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. Journal entry worksheet 1 2 3 4 5 M. Harris, the owner, invested $10,750 cash and $46,225 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date August 011 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet 2 3 5 The company paid $2,700 cash for an insurance policy covering the next 24 months. Note: Enter debits before credits. Date August 02 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet > 1 2 3 4 5 The company purchased supplies for $2,043 cash. Note: Enter debits before credits. Date August 05 General Journal Debit Credit Record entry Clear entry View general journal