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#1 How to journalize On June 1, 2019, Kris Storey established an interior decorating business, Eco-Centric Designs. During the month, Kris completed the following transactions

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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, $35,000 1Paid rent for period of June 1 to end of month, $4,750 6 Purchased office equipment on account, $14,100. 8 Purchased a van for $28,500 paying $4,500 cash and giving a note payable for the remainder 10 Purchased supplies for cash, $2,380 12 Received cash for job completed, $12,200 15 Paid annual premiums on property and casualty insurance, $3,600. 23 Recorded jobs completed on account and sent invoices to customers, $11,900 24 Received an invoice for van expenses, to be paid in June, $1,500

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