InstructionS Chart of Accounts Journal Ledger Unadjusted Trial Balance Instructions On June 1, 2016, Hannah Ellis established an interior decorating business, Whitworth Designs. During the month, Hannah completed the following transactions related to the business: June 1 Hannah transferred cash from a personal bank account to an account to be used for the business, $27,250. Paid rent for period of June 1 to end of month, $3,100. Purchased a van for $31,450 paying $6,300 cash and giving a note payable for the remainder. 1 6 Purchased office equipment on account, $12.700. 8 10 Purchased supplies for cash, $1,060. 12 Received cash for job completed, $9,000. 15 Paid annual premiums on property and casualty insurance, $2,500. 23 Recorded jobs completed on account and sent invoices to customers, $12,440. 24 Received an invoice for van expenses, to be paid in July, $1,390. Enter the following transactions on Page 2 of the two-column journal: June 20 Daid utilitiae avnanes $3.660 4 24 US $14,440 Received an invoice for van expenses, to be paid in July, $1,390. Enter the following transactions on Page 2 of the two-column journal June 29 Paid utilities expense, $3,660. 29 Paid miscellaneous expenses, $1,580. 30 Received cash from customers on account, $8,200. 30 Paid wages of employees, $4,600. 30 30 Paid creditor a portion of the amount owed for equipment purchased on June 6, $6,160. Withdrew cash for personal use, $2,100. I Required: 1. Joumalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2.) CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW iourals will automatically indent a credit entry when a credit amount is entered. Check My Work Previous L Instructions Journal 1. Journalize each transaction in a two-column journal beginning on Page 1, refeming to the chart of accounts in selecting the accounts to be debited an insert the post reference numbers until you have posted the entry to the general ledger in part 2) CNOW journais do not use lines for journal explanatio journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is antered JOURNAL ACCOUNTI DATE DESCRIPTION POST DEBIT ONDE ARTS KAR 3' 100% 67F G 3:20 PM 10/4/2022 119 Instructions Journal 7 8 V 9 10 11 12 13 14 15. 16 17 I =3 18 19 X CAL... Instructions Journal v 1 . 10 11 DATE DESCRIPTION JOURNAL ACCOUNTI POSTE CREDIT ASSETS LAR I 3:20 PM 4 1400 Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Ledger Account: Cash Account: Accounts Receivable Account: Supplies Account Prepaid Insurance Account: Office Equipment Account: Van Account: Notes Payable Account: Accounts Payable Account: Hannah Ellis, Capital Account: Hannah Ellis, Drawing Account: Fees Earned Account: Wages Expense Account: Rent Expense Account: Utilities Expense Account: Van Expense Account Miscellaneous Expense LEDGER 5215 A AD Acc ACE Acc AD Ac Ac Ac Ac Act ALL AC ACC Acc Acc 3:21 PM 10/4/2022 Unadjusted Trial Balance UNADJUSTED TRIAL BALANCE June 30, 2016 1 Cash ACCOUNT TITLE 2 Accounts Receivable Supplies Prepaid Insurance 5 Office Equipment Van 7 Notes Payable Accounts Payable Hannah Ellis, Capital 10 Hannah Ellis, Drawing 11 Fees Earned CREDIT 100% 1 67F C E 448 ch 6 Van 7 Notes Payable Accounts Payable Hannah Ellis, Capital 10 Hannah Ellis, Drawing 11 Fees Earned 12 Wages Expense 13 Rent Expense 14 Utilities Expense 15 Van Expense 36 Miscellaneous Expense 17 Totals O C 6 100% 67F Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance FETAL ch Final Questions 4. Determine the excess of revenues over expenses for June 5. Can you think of any reason why the amount determined in (4) might not be the net income for June? Check all that apply Utilities expense includes expenses incurred for the month of June than have not yet been paid Additions to capital has been wrongly recorded as drawings Fees earned includes some fees earned in the month of June that have not been received. Some supplies may have been used during June but no supplies expense has been recorded. C O 100% 67F 322 PM 10/4/2022 On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth Designs. During the month, Hannah completed the following transactions related to the business: June 1 Hannah transferred cash from a personal bank account to an account to be used for the business, $27,250. 1 Paid rent for period of June 1 to end of month, $3,100. 6 Purchased office equipment on account, $12,700. 8 Purchased a van for $31,450 paying $6,300 cash and giving a note payable for the remainder. 10 Purchased supplies for cash, $1,660. 25224 12 Received cash for job completed, $9,000. 15 Paid annual premiums on property and casualty insurance, $2,500. 23 Recorded jobs completed on account and sent invoices to customers, $12,440. Received an invoice for van expenses, to be paid in July, $1,390. Enter the following transactions on Page 2 of the two-column journal: Enter the following transactions on Page 2 of the two-column journal: June 29 Paid utilities expense, $3,660. 29 Paid miscellaneous expenses, $1,580. 30 Received cash from customers on account, $8,200 30 Paid wages of employees, $4,600. 30 30 Paid creditor a portion of the amount owed for equipment purchased on June 6, $6,160. Withdrew cash for personal use, $2.100.