Following are the transactions of a new company called Pose-for.Pics. Aug. 1 Madison Harris, the owner, invested $12,750 cash and $54,825 of photography equipment in the company in exchange for common stock. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2.423 cash. 20 The company received $3,100 cash in photography fees earned. 31 The company paid $869 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 > Madison Harris, the owner, invested $12,750 cash and $54,825 of photography equipment in the company in exchange for common stock Note: Enter debits before credits General Journal Debit Dato Aug 01 Credit Record entry Clear entry View general Journal