SIVITY Saved 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, invested $7,500 cash and $34,500 of photography equipment in the company stock. 2 The company paid $3,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $980 cash. 20 The company received $4, 331 cash in photography fees earned. 31 The company paid $775 cash for August utilities. xercise 2-7 Preparing general journal entries LO P1 repare general journal entries for the above transactions. View transaction list