Question Four On October 1, 2020, John Smith established an interior decorating business, Bibu Designs. During the month, John completed the following transactions related to the business: Oct 1. John transferred cash from a personal bank account to an account to be used for the business, $15,000. 4. Paid rent for the month of October, $1,100. 10. Purchased a used truck for $7,500, paying 1,500 cash and signing a note payable for the remainder. 12. Received $300 in advance for jobs to be performed in November 13. Purchased equipment on account, $3,100. 14. Purchased supplies for cash, $719. 15. Paid annual premiums for property and casualty Insurance, $600. 15. Received cash for job completed, $1,950. 21. Paid creditor a portion of the amount owed for equipment purchased on October 13, $1.500. 24. Recorded jobs completed on account and sent invoices to customers, $2.500 Received an invoice for truck expenses, to be paid in November. $175. 27. Paid utilities bills. $140. 27. Paid miscellaneous expenses. $90. 29. Received cash from customers on account, 1,700 30. Paid wages to employees, $900. 31. Withdrew cash for personal use, $200 Bibu Designs Journal Entries Date Post. Description Debit