Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $10,500 cash and $45,150 of photography equipment in the company. 2 The company paid $3,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,995 cash. 20 The company received $3,050 cash in photography fees earned. 31 The company paid $867 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list View journal entry worksheet No Date Credit General Journal Debit 1 Aug 01 Cash Photography equipment M. Harris, Capital 10,500 45,150 55,650 2. 2,300 Aug 02 Prepaid insurance Cash 2,300 3 Aug 05 1,995 Office supplies Cash 1,995 4 Aug 20 3,750 Cash Photography fees earned 3,750 5 Aug 31 884 Utilities expense Cash 884