Following are the transactions of a new company called Pose-for-Pics. 1 Madison Harris, the owner, invested $15,000 cash and $64,500 of photography equipment in the company in exchange Aug. for common stock. 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,850 cash. 20 The company received $3,100 cash in photography fees earned. 31 The company paid $866 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 2 3 4 Madison Harris, the owner, invested $15,000 cash and $64,500 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit Aug 01