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 Madison Harris, the owner, invested $12,750 cash and $54,825 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,423 cash. August 20 The company received $3,800 cash from taking photos for customers. August 31 The company paid $870 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 Madison Harris, the owner, invested $12,750 cash and $54,825 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date August 01 General Journal Debit Credit Record entry View general journal Clear entry