On July 1, 2010, Jessie Halverson established an interior decorating business, Photogenic Designs. During the month, Jessie Halverson completed the following transactions related to the business:
July 1. Jessie transferred cash from a personal bank account to an account to be used for the business, $18,000.
4. Paid rent for period of July 4 to end of month, $1,750.
10. Purchased a truck for $15,000, paying $1,000 cash and giving a note payable for the remainder.
July 13. Purchased equipment on account, $7,000.
14. Purchased supplies for cash, $1,200.
15. Paid annual premiums on property and casualty insurance, $2,700.
15. Received cash for job completed, $7,500.
21. Paid creditor a portion of the amount owed for equipment purchased on July 13, $2,500.
24. Recorded jobs completed on account and sent invoices to customers, $8,600.
26. Received an invoice for truck expenses, to be paid in August, $800.
27. Paid utilities expense, $900.
27. Paid miscellaneous expenses, $315.
29. Received cash from customers on account, $3,600.
30. Paid wages of employees, $2,400.
31. Withdrew cash for personal use, $2,000.
1. Journalize each transaction in a two-column journal, referring to the following chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) Journal entry explanations may be omitted.

2. Post the journal to a ledger of four-column accounts, inserting appropriate posting references as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted.
3. Prepare an unadjusted trial balance for Photogenic Designs as of July 31,2010.

31 Jessie Halverson, Capital 11 Cash 32 Jessie Halverson, Drawing 12 Accounts Receivable 13 Supplies 41 Fees Earned 51 Wages Expense 14 Prepaid Insurance 53 Rent Expense 16 Equipment 54 Utilities Expense 18 Truck 21 Notes Payable 55 Truck Expense 22 Accounts Payable 59 Miscellaneous Expense