Question: On October 1, 2016, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the

On October 1, 2016, Jay Pryor established an interior decorating business, PioneerDesigns. During the month, Jay completed the following transactions related to thebusiness Jay transferred cash from a personal bank account to an accountto be used for the business, $27,500. Oct. 1. 4. Paid rentfor period of October 4 to end of month, $2,670. 10. Purchaseda used truck for $23,000, paying $2,000 cash and giving a notepayable for the remainder 13. Purchased equipment on account, $10,730. 14. Purchasedsupplies for cash, $1,840. 15. Paid annual premiums on property and casualtyinsurance, $4,130. 15. Received cash for job completed, $11,550. Enter the followingtransactions on Page 2 of the two-column journal: 21. Paid creditor aportion of the amount owed for equipment purchased on October 13, $3,820.Recorded jobs completed on account and sent invoices to customers, $13,150. 24.26. Received an invoice for truck expenses, to be paid in November,

On October 1, 2016, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the business Jay transferred cash from a personal bank account to an account to be used for the business, $27,500. Oct. 1. 4. Paid rent for period of October 4 to end of month, $2,670. 10. Purchased a used truck for $23,000, paying $2,000 cash and giving a note payable for the remainder 13. Purchased equipment on account, $10,730. 14. Purchased supplies for cash, $1,840. 15. Paid annual premiums on property and casualty insurance, $4,130. 15. Received cash for job completed, $11,550. Enter the following transactions on Page 2 of the two-column journal: 21. Paid creditor a portion of the amount owed for equipment purchased on October 13, $3,820. Recorded jobs completed on account and sent invoices to customers, $13,150. 24. 26. Received an invoice for truck expenses, to be paid in November, $1,210. 27. Paid utilities expense, $1,380. 27. Paid miscellaneous expenses, $490. 29. Received cash from customers on account, $5,500. 30. Paid wages of employees, $3,660. 31. Withdrew cash for personal use, $3,050.

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