real entries to record the following August 2020 transactions of a new business called for the Low led For the Love of Pixels Prepare journal entries to Au pentent with a fair value of $42.000 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. Set up the following accounts (use the balance column format): Cash (101: Office Supplies (124) Prepaid Rent (131 Photogas Equipment (167): Joseph Eagle, Capital (301) Photography Revenue (401) and Utilities Expense (690). Then using your journalen from Exercise 2-15. post to the seneral ledger (balance column format). Finally prepare the August 31, 2020, trial balance Credit PR Debit te Account Titles & Explanation GENERAL LEDGER Explanation ACCOUNT NO. DEBIT CREDIT BALANCE Date Explanation Photography Equipment PR DEBIT CREDIT ACCOUNT NO. BALANCE Date Explanation Office Supplies P.R. DEBIT CREDIT ACCOUNT NO. BALANCE Date Explanation Prepaid Rent P.R. DEBIT CREDIT ACCOUNT NO. BALANCE Joseph Eagle, Capital P.R. ACCOUNT NO. BALANCE Date Explanation DEBIT CREDIT Photography Revenue P.R. ACCOUNT NO. BALANCE DEBIT CREDIT Explanation Date Utilities Expense P.R. ACCOUNT NO. BALANCE DEBIT CREDIT Date Explanation Trial Balance Debit Credit T Totals