Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $8,500 cash and $36,550 of photography equipment in the company in exchange for common stock. 2 The company paid $2,000 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,615 cash. 28 The company received $3,750 cash in photography fees earned. 31 The company paid $874 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 Madison Harris, the owner, invested $8,500 cash and $36,550 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits, Date Aug 011 General Journal Debit Credit