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

Aug.1Madison Harris, the owner, invested $13,000 cash and $55,900 of photography equipment in the company in exchange for common stock.2The company paid $2,600 cash for an insurance policy covering the next 24 months.5The company purchased office supplies for $2,470 cash.20The company received $2,400 cash in photography fees earned.31The company paid $867 cash for August utilities.

Prepare general journal entries for the above transactions.