LLL LEuUL Kris transferred cash from a personal bank Nov. 1. account to an account to be used for the business in exchange for common stock, $36,000. Paid rent for period of November 1 to end of month, $4,000. 1. Purchased office equipment on account, 6. $16,000. 8 Purchased a truck for $43,000 paying $4,300 cash and giving a note payable for the remainder. Purchas d supplies for cash, $1,860. Received cash for job completed, $8,000. Paid annual premiums casualty insurance, $2,400. Recorded jobs completed sent invoices to customers, $15,500. 10. 12. 15. on property and 23. on account and Received an invoice for truck expenses, to be paid in November, $1,250. 24 29 Paid utilities expense, $3,660. Paid miscellaneous expenses, $1,700 29 30 Received cash from customers on account, $10,500. 30 Paid wages of employees, $4,750. Paid creditor a portion of the amount owed for equipment purchased on November 6, $4,000. 30. Paid dividends, $1,600. 30. 1. Journalize each transaction in a two-column journal beginning following chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.) Explanations may be omitted. Page 1, referring to the on 31 Common Stock 11 Cash 33 Dividends 12 Accounts Receivable 41 Fees Earned 13 Supplies 51 Wages Expense 14 Prepaid Insurance 53 Rent Expense 16 Equipment 54 Utilities Expense 55 Truck Expense 18 Truck 21 Notes Payable 59 Miscellaneous Expense 22 Accounts Payable 2. Post 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. 3. Prepare an unadjusted trial balance for Modern Designs as of November 30, 2018. Answer Check Figure: Total of Credit column: $111,450 4. Determine the excess of revenues over expenses for November