Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company. 2 The company paid $3,700 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,375 cash. 20 The company received $2,900 cash in photography fees earned. 31 The company paid $880 cash for August utilities. Prepare general journal entries for the above transactions.