Instructions On November 1, 2018, Kris Lehman established an interior decorating business, Modern Designs. During the month, Kris completed the following transactions related to the business: Nov. 1 Kris transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $27,500. 1 Paid rent for period of November 1 to end of month, $3,600. 6 Purchased office equipment on account, $12,770. 8 Purchased a truck for $31,400 paying $6,200 cash and giving a note payable for the remainder. 10 Purchased supplies for cash, $1,800. 12 Received cash for job completed, $8,800. 15 Paid annual premiums on property and casualty insurance, $3,000. 23 Recorded jobs completed on account and sent invoices to customers, $12,470. 24 Received an invoice for truck expenses, to be paid in November, $1,200. Enter the following transactions on Page 2 of the two-column journal: Nov. 29 Paid utilities expense, $3,460. 29 Paid miscellaneous expenses, $1,550. 30 Received cash from customers on account, $8,900. 30 Paid wages of employees, $4,150. 30 Paid creditor a portion of the amount owed for equipment purchased on November 6, $6,440.