QS 2-10 Computing T-account balance LO C4 Determine the ending balance of each of the following T-accounts. Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $12,250 cash and $52,675 of photography equipment in the company. 2 The company paid $3,400 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,328 cash. 20 The company received $3,800 cash in photography fees earned. 31 The company paid $883 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 $12,250 cash and $52,675 of photography equipment in the company. Note: Enter debits before credits Debit Credit Date General Journal Aug 01