Prepare general journal entries for the following transactions of a new company called Pose-for- Pics Aug 1 Madison Harris, the owner, invested $6,500 cash and $33,500 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 $880 cash. 20 The company received $3,831 cash in photography fees earned. 53 31 The company paid $675 cash for August utilities Date Account Name Credit 1. Aug Cash Debit 6,500 Prepare Journal Entries