Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $13,000 cash and $55,900 of photography equipment in the company in exchange for common stock. 2 The company paid $3,000 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,470 cash. 20 The company received $2,400 cash in photography fees earned. 31 The company paid $885 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 $13,000 cash and $55,900 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. General Journal Debit Credit Date Aug 01 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 4 5 NE The company paid $3,000 cash for an insurance policy covering the next 24 months. Note: Enter debits before credits. Date General Journal Debit Credit Aug 02 Record entry Clear entry View general journal View transaction list Journal entry worksheet