save EXIE Submit Required information Use the following information for exercises 7 to 8 LO P1, P2 The following information applies to the questions displayed below! Following are the transactions of a new company, called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invented $8.500 cash and $35,500 of photography equipment in the company in exchange for common stock. 2 The company paid $4,100 cash for an insurance policy covering the next 24 monthu. 5 The company purchased office supplies for $1,000 cash. 20 The company received 35,331 cash in photography fees earned. 31 The company paid $875 cash for August utilities. Exercise 2-7 Preparing general journal entries LO P1 Prepare general Journal entries for the above transactions. Required informatio View transaction list Journal entry worksheet > Saved AL.-L. Required information View transaction list Journal entry worksheet >