Le Instructions. On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth Designs. During the month, Hannah completed the following transactions related to the business bount June 1 D Hannah transferred cash from a personal bank account to an account to be used for the business. $48,000 1 Paid rent for period of June 1 to end of month, $6,510 6 Purchased office equipment on account, $19,340 8 Purchased a van for $39,100 paying $6.200 cash and giving a note payable for the remainder 10 Purchased supplies for cash, $3,260 12 Received cash for job completed, $16,730 15 Paid annual premiums on property and casualty insurance $4,940 23 Recorded jobs completed on account and sent invoices to customers. $16.320 24 Received an invoice for van expenses to be paid in July, $2,060 D Le Instructions Enter the following transactions on Page 2 of the two-column journal June 29 Paid utsities expense, $4,250 Count 29 Paid miscellaneous expenses, $1,300 30 Received cash from customers on account, $10,050 30 Paid wages of employees, $6.950 30 30 Paid creditor a portion of the amount owed for equipment purchased on June 6, 39,360. Withdrew cash for personal use, $2,200 Required: 1 Jamalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 21 CNOW journals do not use lines for journal explanations Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered Journal entries and trial balance Instructions Chart of Accounts Journal Ledger Le Instructions Required: Unadjusted Trial Balance Count D 1. Jouze each transaction in a two-column jostal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2) CNOW journals do not use ines for journal explanations. Every line on a journal page is used for debit or credit entres CNOW journals will automatically indent a credit entry when a credit amount is entered 2. Post on chronological order) the journal to a least of four-column accounts, inserting appropriate posting references in both the journal and the ledger as each item is posted Extend the balances to the appropriate balance columns after each transaction is posted Record DATE POST REF, a debit or credit and a debit or creat under BALANCE on every ane in CNOW Journal pages do not begin with " For example journal page 10 POST REF is simply 10. If the ending balance is 50 at least one balance amount should be 50 3. Prepare an unedivated a balance for Whitworth Designs as of June 30, 2016 4. Determine the excess of enue over groen for June 5 Can you think of any reason why the amount determined in (4) might not be the net income for June count 10 11 12 15 Final Questions: 4 Determine the excess of revenues over expenses for June $ 5. Can you think of any reason why the amount determined in (4) might not be the net income for June? 14 Check all that apply 11 Utities expense includes expenses incurred for the month of June than have not yet been paid. Additions to capital has been wrongly recorded as drawings Fees earned includes some fees earned in the month of June that have not been received Some supples may have been used durino June but no sucolles expense has been recorded. it No. CREDIT