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

Aug.		1		Madison Harris, the owner, invested $13,500 cash and $58,050 of photography equipment in the company in exchange for common stock.
		2		The company paid $3,500 cash for an insurance policy covering the next 24 months.
		5		The company purchased office supplies for $2,565 cash.
		20		The company received $2,700 cash in photography fees earned.
		31		The company paid $869 cash for August utilities.

Prepare general journal entries for the above transactions.