Journal entries and trial balance On October 1, 20Y4, Jay Pryor established an interior decorating business, Ploneer Designs. During the month, Jay completed the following transactions related to the business: October 1. Jay transfered cash from a personal bank account to an account to be used for the beisiness in exchange for common stock, $18,000. October 4. Paid rent for period of October 4 to end of month, $3,000. October 10. Purchased a used truck for $23,750, parying $3,750 cash and giving a note payable for the remainder. October 13, Purchased equipment on account, $10,500. October 14, Purchased supplies for cash, $2,100. October 15. paid annual premiums on property and casualty insurance, $3,600. October 15. Recelved canh for job completed, $8,950. iter the following transactions on Puge 2 of the two-colume journaly Octiber 21. Paid creditor a portion of the amount owed for equipment purchased on October 13, $2,000. October 24. Recorded jobs completed on account and sent invoices to customers, $14,150. October 26 . Recelved an invilce for truck expenses, to be bald in November, 5700. october 27 . Paid utilities expense, $2,240. October 27. Paid miscellaneous expenses, 51,100 . October 29. Aecelved cash from customers on accoent, 57,600. 1. Journalize and insert the Posting References for each transaction in a two-column journal beginining on Page 1 , referring to the following chart of accounts in selecting the accounts to be debited and credited, If an amount box does not require an cntry, feave it blank. 11 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 16 Equipment 18 Truck 21 Notes Payable 22 Accounts Payable Commion stock Dividends Fees Farned Wages Expense Rent Expense vifities Expense Truck Expense Miscellaneous Expense