real entries to record the following August 2020 transactions of new business called for the Low led For the Love of Pixels Prepare journal entries to AU petent with a fair value of $42.000 1 Joseph Eagle, the owner, invested $20.000 cash and photography equipment with a fait 1 Rented a studio, paying $12,000 for the next three months in advance. S Purchased office supplies for $1,800 cash. 20 Received $9.200 in photography revenue. 31 Paid $1.400 for August utilities. entries Set up the following accounts (use the balance column format): Cash (101: Office Supplies (124): Prepaid Rent (131) Photogram Equipment (167): Joseph Eagle, Capital (301) Photography Revenue (401) and Utilities Expense (690). Then using your journa from Exercise 2-15. post to the seneral ledger (balance column format). Finally prepare the August 31, 2020, trial balance real entries to record the following August 2020 transactions of new business called for the Low led For the Love of Pixels Prepare journal entries to AU petent with a fair value of $42.000 1 Joseph Eagle, the owner, invested $20.000 cash and photography equipment with a fait 1 Rented a studio, paying $12,000 for the next three months in advance. S Purchased office supplies for $1,800 cash. 20 Received $9.200 in photography revenue. 31 Paid $1.400 for August utilities. entries Set up the following accounts (use the balance column format): Cash (101: Office Supplies (124): Prepaid Rent (131) Photogram Equipment (167): Joseph Eagle, Capital (301) Photography Revenue (401) and Utilities Expense (690). Then using your journa from Exercise 2-15. post to the seneral ledger (balance column format). Finally prepare the August 31, 2020, trial balance