[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 $8,500 cash and $36,550 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,700 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,615 cash. August 20 The company received $3,500 cash from taking photos for customers. August 31 The company paid $875 cash for August utilities. Exercise 2-9 (Algo) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. Journal entry worksheet 4 5 M. 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