Following are the transactions of a new company called Smiley Pictures. Aug. IFahmy Amin, the owner, invested $36,500 cash and $40,000 of office supplies in the company. The company purchased a machine and building for $250,000. paying $120,000 2 cash and signing a note for the balance to be paid after 2 years. The machine worth $100,000 Prepare general journal entries for the above transactions. Journal entry worksheet Fahmy Amin, the owner, invested $36,500 cash and $40,000 of office supplies in the company. Note: Enter debits before credits