Question: On June 1, 2019, Kris Storey established an interior decorating business, Eco Centric Designs. During the month, Kris completed the following transactions related to the
On June 1, 2019, Kris Storey established an interior decorating business, Eco Centric Designs. During the month, Kris completed the following transactions related to the business June 1 Kris transferred cash from a personal bank account to an account to be used for the business, $32,600. 4 Paid rent for period of June 4 to end of month, $3,160. 6. Purchased a used truck for $27,000, paying $3,000 cash and giving a note payable for the remainder B. Purchased equipment on account, $12.710 10. Purchased supplies for cash, $2,100. 12. Paid annual premiums on property and casualty Insurance, 54,890. 15. Received cash for job completed, $13.600 Enter the following transactions on Page 2 of the two column joumat: 23. Paid creditor a portion of the amount owed for equipment purchased on June 13, 14,530 Recorded jobs completed on account and sent invoices to customers, $15,580. 25. Received an invoice for truck expenses, to be paid in July $1,410, 25. Paid utilities expense, 51,670 27 Paid miscellaneous expenses, 5590 Received cash from customers on account 56,520 29 Paid wages of employees, 54,140 Withdrew cash for personal use. 53,620. Required
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