Journal Entries and Trial Balance On October 1, 2018, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the business: Oct. 1 Jay transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $23,400. 4 Paid rent for period of October 4 to end of month, $2,270. 10 Purchased a used truck for $19,000, paying $2,000 cash and giving a note payable for the remainder. 13 Purchased equipment on account, $9,130. 14 Purchased supplies for cash, $1,570. 15 Paid annual premiums on property and casualty insurance, $3,510. 15 Received cash for job completed, $9,830. 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, $3,250. 24 Recorded jobs completed on account and sent invoices to customers, $11,190. 26 Received an invoice for truck expenses, to be paid in November, $1,030. 27 Paid utilities expense, $1,170. 27 Paid miscellaneous expenses, $420. 29 Received cash from customers on account, $4,680. 30 31 Paid wages of employees, $3,110. Paid dividends, $2,600. Required: 1. Journalize and insert 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 accounts to be debited and credited. For a compound transaction, if an amount box does not require an entry, leave it blank. 11 Cash 31 Common Stock