Following are the transactions of a new company called Pose-for-Ples. Aug : 1 Madison Harris, the owner, invested $5,250 cash and $22,575 of photography equipment in the company in exchange for common stock. 2 The company paid $3,000 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $998 cash. 20 The company received $2,300 cash in photography fees earned. 31 The company paid $883 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 2 3 4 5 Madison Harris, the owner, invested $5,250 cash and $22,575 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits General Journal Debit Credit Date Aug 01 Record entry Clear entry View general Journal