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

Aug. 1	Madison Harris, the owner, invested $13,500 cash and $58,050 of photography equipment in the company in exchange for common stock.
2	The company paid $3,400 cash for an insurance policy covering the next 24 months.
5	The company purchased office supplies for $2,565 cash.
20	The company received $2,350 cash in photography fees earned.
31	The company paid $878 cash for August utilities.

Prepare general journal entries for the above transactions.