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Journal entries and trial balance On October 1, 2014, Jay Pryor established an interior decorating business, Ploneer Designs. During the month, Jay completed the following transactions related to the business: 4. Oct. 1. Jay transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $29,700. Paid rent for period of October 4 to end of month, $2,880. 10. Purchased a used truck for $25,000, paying $2,000 cash and giving note payable for the remainder. 13. Purchased equipment on account, $11,580. 14. Purchased supplies for cash, $1,990. 15. Paid annual premiums on property and casualty insurance, $4,460. 15. Received cash for job completed, $12,470. Enter the following transactions on Page 2 of the two-column journal: 21. Paid creditor portion of the amount owed for equipment purchased on October 13, $4,130. 24. Recorded jobs completed on account and sent invoices to customers, $14,200. 26. Received an invoice for truck expenses, to be paid in November, $1,310. 27. Paid utilities expense, $1,490. 27 Paid miscellaneous expenses, $530. 29. Received cash from customers on account, $5,940. 30. Paid wages of employees, $3,950. 31. Paid dividends, $3,300