Following are transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris the owner invested $6500 cash and $33500 of photography equipment in the company in exchange for common stock. 2 The company paid $2100 cash for an insurance policy covering the next 24 months.5 The company purchased office supplies for $880 cash.20 The company received $3331 cash in photography fees earned.31 The company paid $675 cash for August utilities. Prepare general journal entries for the above transactions.
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