Following are the transactions of a new company called Pose-for-Pics.

Aug.		1		Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock.
		2		The company paid $2,400 cash for an insurance policy covering the next 24 months.
		5		The company purchased office supplies for $2,660 cash.
		20		The company received $2,300 cash in photography fees earned.
		31		The company paid $874 cash for August utilities.

Prepare general journal entries for the above transactions.