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
