Item$21$

$10$

points

Time Remaining $1$ hour $12$ minutes $42$ seconds$01$:$12$:$42$

Item $21$

Time Remaining $1$ hour $12$ minutes $42$ seconds$01$:$12$:$42$

Prepare journal entries to record the following August $2023$ transactions of a new business called For the Love of Pixels.

Aug. $1$ Joseph Eagle, the owner, invested $$16,000$ cash and photography equipment with a fair value of $$33,000.$

$1$ Rented a studio, paying $$9,300$ for the next three months in advance.

$5$ Purchased office supplies for $$1,350$ cash.

$20$ Received $$8,750$ in photography revenue.

$31$ Paid $$1,310$ for August utilities.