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 $17,000 cash and photography equipment with a fair value of $34,000. 1 Rented a studio, paying $9,600 for the next three months in advance. 5 Purchased office supplies for $1,400 cash. 20 Received $8,800 in photography revenue. 31 Paid $1,320 for August utilities. View transaction list Journal entry worksheet