Required information [The following information applies to the questions disployed below] Following are the transactions of a new company called Pose-for-Pics. in exehange for comono stoek. Aagast 2 The company pald 02,300 eash for an inaurance pelicy coverisg the Bext 24 nontbs. Aaguat 5 The easpasy purchaned supplies for 11,615 cash. Auguat 20 the eonpasy roceived $2,700 eash fros taking photos foe eustoners. Aoguat 31 the cospany paid $873 eash for naguat seilitins. Prepare general journal entries for the above transactions. Journal entry worksheet Madison Harris, the owner, invested $8,500 cash and $36,550 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. 1 Madison Harris, the owner, invested $8,500 cash and $36,550 of photography equipment in the company in exchange for common stock. 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. 3 The company purchased supplies for $1,615 cash. 4 The company received $2,700 cash from taking photos for customers. 5 The company paid $873 cash for August utilities. Note : = journal entry has been entered