Following are the transactions of a new company called Pose-for-Pics Aug. 1 Madison Harris, the owner, invested $11, 750 cash and $50, 525 of photography equipment in the company. 2 The company paid $2,700 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $2, 233 cash 20 The company received $3,000 cash in photography fees earned. 31 The company paid $884 cash for August utilities. Prepare general journal entries for the above transactions. 2 3 4 5 Madison Harris, the owner, invested $11,750 cash and $50,525 of photography equipment in the company Note: Enter debits before credits. Date General Journal Debit Credit Aug 01 Cash 6,500 Photography e quipment 50,525 M. Harris, Capital 57,025 2 3 4 5 The company paid $2,700 cash for an insurance policy covering the next 24 months. Note: Enter debits before credits. Date General Journal Debit Credit Aug 02 2 4 The company purchased office supplies for $2,233 cash Note: Enter debits before credits. Date General Journal Debit Credit Aug 05 2 3 4 5 The company received $3,000 cash in photography fees earned. Note: Enter debits before credits. Date General Journal Debit Credit Aug 20 2 3 4 5 The company paid $884 cash for August utilities Note: Enter debits before credits. Date General Journal Debit Credit Aug 31