Following are the transactions of a new company called Pose for Pics. Aug. 1 Kasey Madison, the owner, invested $6,000 cash and $25,800 of photography equipment in the company in exchange for common stock. 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,140 cash. 20 The company received $2,000 cash in photography fees earned. 31 The company paid $872 cash for August utilities. Prepare general journal entries for the above transactions.

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