[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 $8,000 cash and $34,400 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,520 cash. August 20 The company received $2,950 cash from taking photos for customers. August 31 The company paid $877 cash for August utilities. Exercise 2-9 (Algo) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 M. Harris, the owner, invested $8,000 cash and $34,400 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date August 01 General Journal Debit Credit