Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $11,000 cash and $47, 300 of photography equipment in the company. 2 The company paid $2,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,09e cash. 20 The company received $2,700 cash in photography fees earned. 31 The company paid $874 cash for August utilities. Prepare general journal entries for the above transactions View transaction list Journal entry worksheet 2 3 4 5 > Madison Harris, the owner, invested $11,000 cash and $47,300 of photography equipment in the company. Note: Enter debits before credits. Date General Journal Debit Credit Aug 01 Record entry Clear entry View general Journal