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 $15,000 cash and photography equipment with a fair value of $32,000. 1 Rented a studio, paying $9,000 for the next three months in advance. 5 Purchased office supplies for $1,300 cash. 20 Received $8,700 in photography revenue. 31 Paid $1,300 for August utilities. View transaction list 1 Record the investment by owner. 2 Record the rent paid for studio space. 3 Record the purchased office supplies. 4 Record the collected photography revenue. 5 Record the paid for August utilities. Credit Journal entry worksheet