Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Fahmy Amin, the owner, invested $8,750 cash and $37,625 of photography equipment in the company. 2 The company paid $3,700 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,663 cash. 20 The company received $2,950 cash in photography fees earned. 31 The company paid $879 cash for August utilities. Required: Prepare general journal entries for the above transactions