Following are the transactions of a new company called Pose for Pics. Aug. 1 Madison Harris, the owner, invested $6,500 cash and $27,950 of photography equipment in the company. 2 The company paid $2,000 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,235 cash. 20 The company received $3,400 cash in photography fees earned. 31 The company paid $883 cash for August utilities. Prepare general journal entries for the above transactions.

1) Madison Harris, the owner, invested $6,500 cash and $27,950 of photography equipment in the company.

2) The company paid $2,000 cash for an insurance policy covering the next 24 months.

3) The company purchased office supplies for $1,235 cash.

4) The company received $3,400 cash in photography fees earned.

5) The company paid $883 cash for August utilities.