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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

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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 $3,600 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $2,470 cash. 20 The company received $2,900 cash in photography fees earned 31 The company paid $884 cash for August utilities. Prepare general journal entries for the above transactions

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