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 $9,250 cash and $39,775 of photography equipment in the company. 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,758 cash. 20 The company received $3,450 cash in photography toes carned. 31 The company paid $870 cash for August utilities. Prepare general Journal entries for the above transactions View transaction list Journal entry worksheet Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in the company. Note: Enter debits before credits Date General Journal Aug 01 Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet The company paid $4,000 cash for an insurance policy covering the next 24 months. Note: Enter debits before credits. Date Aug 02 General Journal Debit Credit Record entry Clear entry View general journal Following are the transactions of a new company called Pose-for-Pics, Aug. 1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in the company. 2. The company paid $4,000 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,758 cash. 20 The company received $3,450 cash in photography fees earned. 31 The company paid $870 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 2 3 4 5 The company purchased office supplies for $1,758 cash. Note: Enter debits before credits General Journal Debit Credit Data Aug 05 Record entry Clear entry View general Journal Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in the company. 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,758 cash. 20 The company received $3,450 cash in photography tees earned. 31 The company paid $870 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 4 5 The company paid $870 cash for August utilities, Note: Enter debits before credits Date General Journal Debit Credit Aug 31 Record entry Clear entry View general Journal