lt Thcome for August. 5. Determine the increase or decrease in owner's equity for Augus PR 2-3A Journal entries and trial balance On November 1, 2016, Patty Cosgrove established an interior decorating business, Classic Designs. During the month, Patty completed the following transactions related to the business:. Nov. 1. Patty transferred cash from a personal bank account to an account to be used BJ. 1,2, 3,4 esd cah som a personal bank account to an accouni to be usnea for the business, $27,750. 1. Paid rent for period of November 1 to end of month, $4,000. 6. Purchased office equipment on account, $12,880. 8. Purchased a truck for $32,500 paying $6,500 cash and giving a note payable for the remainder. 10. Purchased supplies for cash, $1,860 12. Received cash for job completed, $7,500. (Continued)