ork Seved Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-Pics. hug. 1 Madison Harris, the owner, invested $11,500 cash and $49,450 of photography equipment in the company in exchange for common stock. 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,185 cash. 20 The company received $2,750 cash in photography fees earned. 31 The company paid $867 cash for Aagost utilities. Prepare general journal entries for the above transactions View transactions Journal entry worksheet 2 Madison Harris, the owner, invested $11,500 cash and $49,450 of photography equipment in the company in exchange for common stock Note: Enter debits before credits General Journal Debit Credit Date Aug 01 MacBook Pro S You The * # 3 $ 4 % 5 & 7 2 6 8 9 0 2 W E R T Y U 1 0 P S D F G H J L Z C V B N M