1 Madison Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 3 The company purchased office supplies for $2,375 cash. 4 The company received $3,500 cash in photography fees earned. 5 The company paid $870 cash for August utilities. Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $12,500 cash and $53, 750 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,375 cash. 20 The company received $3,500 cash in photography fees earned. 31 The company paid $870 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 2 3 4 5 Madison Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company. Note: Enter debits before credits. General Journal Debit Credit Date Aug 01 Record entry Clear entry View general journal