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Required information [ The following information applies to the questions displayed below. ] Following are the transactions of a new company called Pose - for

Required information
[The following information applies to the questions displayed below.]
Following are the transactions of a new company called Pose-for-Pics.
August 1 M. Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company in
exchange for common stock.
August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $2,375 cash.
August 20 The company received $3,800 cash from taking photos for customers.
August 31 The company paid $873 cash for August utilities.
Prepare general journal entries for the above transactions.
Journal entry worksheet
The company received $3,800 cash from taking photos for customers.
Note: Enter debits before credits.
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