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

Aug.		1		Madison Harris, the owner, invested $6,250 cash and $26,875 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 $1,188 cash.
		20		The company received $3,250 cash in photography fees earned.
		31		The company paid $869 cash for August utilities.

Prepare general journal entries for the above transactions.

Journal entry worksheet 1 2 3 4 5 Madison Harris, the owner, invested $6,250 cash and $26,875 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit Aug 01 Record entry Clear entry View general journal