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ane 4. Kris transferred cash from a personal bank account to an account to be used for the business, $25,700. Paid rent for period of

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ane 4. Kris transferred cash from a personal bank account to an account to be used for the business, $25,700. Paid rent for period of June 4 to end of month, $2,490. Purchased a used truck for $21,000, paying $2,000 cash and giving a note payable for the remainder. 6 8 Purchased equipment on account, $10,020 10. Purchased supplies for cash, $1,720. 12. Paid annual premiums on property and casualty insurance, $3,860 15. Received cash for job completed, $10,790. Enter the following transactions on Page 2 of the two-column joumal: 23 Paid creditor a portion of the amount owed for equipment purchased on June 13, 53,570. 24 Recorded jobs completed on account and sent invoices to customers, $12,280. 25 Received an invoice for truck expenses to be paid in July, 51.130. 26 Paid utilities expense, $1.290 27 Paid miscellaneous expenses. $460 25 Received casts from customers on account. $5,140 29 Daldwages of employees, 52.420. Withdrew cash for personal use 950 30 3. Prepare an adjusted trial balance for Eco-Centric Designs as of June 30, 2019. For those boxes in which no entry is required, leave the box blank The first two account titles are filled in as an example, Eco-Centric Designs Unadjusted Trial Balance June 30, 2019 Debit Balances Credit Balances Cash Accounts Receivable 4. Determine the excess of revenues over expenses for Jone 5. Can you think of any reason why the amount determined in a might not be the net income for June? 1. Fees earned includes some fees eamed in the month of June that have not been received 2. Utilities expense includes expenses incurred for the month of June than have not yet been paid. 3. Some supplies may have been used during June but no supplies expense has been recorded 4. Additions to capital has been wrongly recorded as drawings

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