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b. Amount of total expenses recorded in the ledger. c. Amount of net income for August. 5. Determine the increase or decrease in owner's equity
b. Amount of total expenses recorded in the ledger. c. Amount of net income for August. 5. Determine the increase or decrease in owner's equity for August OBJ. 1,2, 3,4 De- PR 2-3B Journal entries and trial balance On October 1, 2019, Jay Pryor established an interior decorating business, Pionnes: signs. During the month, Jay completed the following transactions related to the Oct. 1. Jay transferred cash from a personal bank account to an account to be u the business, $18,000. 4. Paid rent for period of October 4 to end of month, $3,000. 10. Purchased a used truck for $23,750, paying $3,750 cash and giving a note payable for the remainder. 13. Purchased equipment on account, $10,500. 14. Purchased supplies for cash, $2,100 15. Paid annual premiums on property and casualty insurance, $3,600. 15. Received cash for job completed, $8,950. Enter the following transactions on Page 2 of the two-column journal Paid creditor a portion of the amount owed for equipment purchased on October 13, $2,000. 21. 24. Recorded jobs completed on account and sent invoices to customers, $14,150. 26. Received an invoice for truck expenses, to be paid in November, $700. 27. Paid utilities expense, $2,240. 27. Paid miscellaneous expenses, $1,100. b. Amount of total expenses recorded in the ledger. c. Amount of net income for August. 5. Determine the increase or decrease in owner's equity for August OBJ. 1,2, 3,4 De- PR 2-3B Journal entries and trial balance On October 1, 2019, Jay Pryor established an interior decorating business, Pionnes: signs. During the month, Jay completed the following transactions related to the Oct. 1. Jay transferred cash from a personal bank account to an account to be u the business, $18,000. 4. Paid rent for period of October 4 to end of month, $3,000. 10. Purchased a used truck for $23,750, paying $3,750 cash and giving a note payable for the remainder. 13. Purchased equipment on account, $10,500. 14. Purchased supplies for cash, $2,100 15. Paid annual premiums on property and casualty insurance, $3,600. 15. Received cash for job completed, $8,950. Enter the following transactions on Page 2 of the two-column journal Paid creditor a portion of the amount owed for equipment purchased on October 13, $2,000. 21. 24. Recorded jobs completed on account and sent invoices to customers, $14,150. 26. Received an invoice for truck expenses, to be paid in November, $700. 27. Paid utilities expense, $2,240. 27. Paid miscellaneous expenses, $1,100
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