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, $36,000. 1 Paid rent for period of November 1 to end of month, $4,000. 6 Purchased office equipment on account, $16,000. 8 Purchased a truck for $43,000 paying $4,300 cash and giving a note payable for the remainder. 10 Purchased supplies for cash, $1,860. 12 Received cash for job completed, $8,000. 15 Paid annual premiums on property and casualty insurance, $2,400. 23 22 Recorded jobs completed on account and sent invoices to customers, $15,500. 24 Received an invoice for truck expenses, to be paid in November, $1,250,