Ch Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-Pics. Aug Madison Harris, the ovner, 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 Prepare general journal entries for the above transactions. View transa Journal entry worksheet Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit Aug 01 Record entry Clear entry