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Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in

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

Aug. 1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in the company in exchange for common stock

2 The company paid $3,200cash for an insurance policy covering the next 24 months.

5 The company purchased office supplies for $1,758 cash.

20 The company received $3,050cash in photography fees earned

31   The company paid $875 cash for August utilities

Prepare general journal entries for the Above transactions.

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