1. Journalize the five transactions for Mirmax Rentals described below: August 1 Mirmax purchases two new saws on credit at $375 each. The saws are added to Mirmax's rental inventory. Payment is due in 30 days. August 8 Mirmax accepts advance deposits for tool rental of $75 that will be applied to the cash rental when the tools are returned. August 15 Mirmax receives a bill from Macon Utility Company for $150. Payment is due in 30 days. August 20 Mirmax charges Customers $750 for tool rentals. Payment is due in 30 days. August 31 Mirmax receives $500 in payments from the customers that were bill for rentals on August 20