Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $6,000 cash and $25,800 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 $1,140 cash.. 20 The company received $2,800 cash in photography fees earned. 31 The company paid $883 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list View journal entry worksheet No 1 Date General Journal Debit Credit Aug 01 Cash 6,000 Common stock 2 Photography equipment Common stock 6,000 25,800 25,800 2 Aug 02 Cash Prepaid insurance 3,000 3,000 3 Aug 05 Cash 1,140 Office supplies 1,140 4 Aug 201 Photography fees earned 2,800 Cash 2,800 5 Aug 31 Cash Utilities expense 883 883