Prepare journal entries to record the following August 2020 transactions of a new business called For the Love of Pixels. Aug. 1 Joseph Eagle, the owner, invested $25,000 cash and photography equipment with a fair value of $ 47,000. 1 Rented a studio, paying $13,500 for the next three months in advance. 5 Purchased office supplies for $2,050 cash. 20 Received $9,450 in photography revenue. 31 Paid $1,450 for August utilities. View transaction list Journal entry worksheet 1 2 3 4 5 > Record the investment by owner. Note: Enter debits before credits. Date General Journal Debit Credit August 01, 2020 Record entry Clear entry View general journal