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Use the following information for Exercises 9-12 below. (Algo)

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

Aug.		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 $2,800 cash for an insurance policy covering the next 24 months.
		5		The company purchased supplies for $1,615 cash.
		20		The company received $2,400 cash from taking photos for customers.
		31		The company paid $868 cash for August utilities.

Exercise 2-9 (Algo) Preparing general journal entries LO A1

Prepare general journal entries for the above transactions.

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