t Ihcome for August. 5. Determine the increase or decrease in owner's equity for Augusi 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. 0BJ. 1,2, 3, 4 1. Patty transferred cash from a personal bank account to an ac Patty transferred cash from a personal bank account to an account to be usecd 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) t Ihcome for August. 5. Determine the increase or decrease in owner's equity for Augusi 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. 0BJ. 1,2, 3, 4 1. Patty transferred cash from a personal bank account to an ac Patty transferred cash from a personal bank account to an account to be usecd 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)