Prepare general journal entries for the following transactions of a new business called Pose-for-Pics.

Aug. 1 Madison Harris, the owner, invested \($6,500\) cash and \($33,500\) of photography equipment in the business.

2 Paid \($2,100\) cash for an insurance policy covering the next 24 months.

5 Purchased office supplies for \($880\) cash.
20 Received \($3,331\) cash in photography fees earned.
29 Paid \($675\) cash for August utilities.