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Journal Entries and Trial Balance On October 1, 2018, Jay Pryor established an Interior decorating business, Ploneer Designs, During the month, Jay completed the following

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Journal Entries and Trial Balance On October 1, 2018, Jay Pryor established an Interior decorating business, Ploneer Designs, During the month, Jay completed the following transactions related to the Oct.1 Jay transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $29,600. 4Paid rent for period of October 4 to end of month, $2,870 10 Purchased a used truck for $25,000, paying $2,000 cash and giving a note payable for the remainder. 13 Purchased equipment on account, $11,540 14 Purchased supplies for cash, $1,980. 15 Paid annual premiums on property and casualty insurance, $4,440. 15 Received cash for job completed, $12,430. Enter the following transactions on Page 2 of the two-column journal: 21 Paid creditor a portion of the amount owed for equipment purchased on October 13, s4,110. 24 Recorded jobs completed on account and sent invoices to customers, $14,150 26 Received an invoice for truck expenses, to be paid in November, $1,300. 27 Paid utilities expense, $1,480 27 Paid miscelaneous expenses, $530. 29 Received cash from customers on account, $5,920 30 Paid wages of employees, $3,940 31 Paid dividends, $3,290. Required: the posting references for each transaction in a two-column journal beginning on Page 1, referring to the following chart of accounts in selecting the a and credted For s compound transaction, if an amount box does not require an entry, led've it blank 11 Cash 12 Accounts Receivable 33 Dividends 13 Supplies 14 Prepaid Insurance 51 Wages Expense 31 Common Stock 41 Fees Earned

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