Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you work 2-3B on both picture please 5. Determine the increase or owners equity for August. in decrease PR 2-38 Journal entries and trial

image text in transcribedCan you work 2-3B on both picture please
image text in transcribed
5. Determine the increase or owners equity for August. in decrease PR 2-38 Journal entries and trial balance OBJ, 1, 2, 3, 4 of credit on October 1, 2014, Jay Pryor established an interior decorating business, Pioneer De signs. During the month, Jay completed the following transactions related to the business: 0,300 oct. 1. Jay transferred cash from a personal bank account to an account to be used for the business, $18,000. A. Paid rent for period of october 4 to end of month, $3,000. 10. a used truck for $23,750, paying $3,750 cash and giving a note pay- able 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, s3600. 15. Received cash for job completed, $8,950. Enter the following transactions on Page 2 qftbe two-column fournal. 21. creditor a portion of the amount owed for equipment purchased on october 13, $2,000. 24, Recorded jobs completed on account and sent invoices to customers, sii,150 26, Received an invoice for truck expenses, to be paid in November s oo. K L

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

When should you avoid using exhaust brake select all that apply

Answered: 1 week ago