Journal entries and trial balance On October 1, 20Y4, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the business: October 1. Jay transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $33,900. October 4. Paid rent for period of October 4 to end of month, $3,290. October 10. Purchased a used truck for $28,000, paying $3,000 cash and giving a note payable for the remainder. October 13. Purchased equipment on account, $13,220. October 14. Purchased supplies for cash, $2,270. October 15. Paid annual premiums on property and casualty insurance, $5,090. October 15. Received cash for job completed, $14,240. Enter the following transactions on Page 2 of the two-column journal: Paid creditor a portion of the amount owed for equipment purchased on October 13, $4,710. Recorded jobs completed on account and sent invoices to customers, $16,200. Received an invoice for truck expenses, to be paid in November, $1,490. October 21. October 24. October 26. October 27. Paid utilities expense, $1,700.. October 27, October 29. Paid miscellaneous expenses, $610. Received cash from customers on account, $6,780. Previous 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. If an amount box does not require an entry, leave it blank. =2 11 Cash 12 Accounts Receivable. 13 Supplies 14 Prepaid Insurance 16 Equipment 18 Truck 21 Notes Payable 22 Accounts Payable 31 Common Stock 33 Dividends 41 Fees Earned 51 Wages Expense 53 Rent Expense 54 Utilities Expense 55 Truck Expense 59 Miscellaneous Expense 2014, October 1 October 4 Date Description Post. Ref. October 10 October 13 October 141 October 15-Insurance October 15-Fees 0000 1000 2. Post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted. If an amount box does not require an entry, leave it blank. General Ledger Account: Cash Account No. 11. Balance Balance Date Item Post. Ref. Debit Credit Debit Credit 2014, October 1 October 4 October 10. October 14. October 15 October 15 October 21 October 27 October 27 October 29 October 30 October 31 Account Accounts Receivable Balance Date Item Post. Ref. Debit Credit Debit 2014, October 24 October 29 Account No. 12 Balance Credit Account Supplies Account No. 13 Balance Balance Date Item Post. Ref. Debit Credit Debit Credit 2014, October 14 Account: Prepaid Insurance Account No. 14 Balance Balance Date Item Post. Ref. Debit Credit Debit Credit 2014, October 15 Account: Equipment Account No. 16 Balance Balance Date Item Post. Ref. Debit Credit Debit Credit 2014, October 13 Account Truck Account No. 18 Balance Balance Date Item Post. Ref. Debit Credit Debit Credit 20Y4, October 10 Account: Notes Payable Balance Account No. 21 Balance Date: Item Post. Ref. Debit Credit Debit Credit 2014, October 10, Account No. 22