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On June 1 , 2 0 1 9 , Kris Storey established an interior decorating business, Eco - Centric Designs. During the month, Kris completed
On June Kris Storey established an interior decorating business, EcoCentric Designs. During the month, Kris completed the following transactions related to the business: June Kris transferred cash from a personal bank account to an account to be used for the business, $ Paid rent for period of June to end of month, $ Purchased a used truck for $ paying $ cash and giving a note payable for the remainder. Purchased equipment on account, $ Purchased supplies for cash, $ Paid annual premiums on property and casualty insurance, $ Received cash for job completed, $ Enter the following transactions on Page of the twocolumn journal: Paid creditor a portion of the amount owed for equipment purchased on June $ Recorded jobs completed on account and sent invoices to customers, $ Received an invoice for truck expenses, to be paid in July, $ Paid utilities expense, $ Paid miscellaneous expenses, $ Received cash from customers on account, $ Paid wages of employees, $ Withdrew cash for personal use, $ Required: Cash Kris Storey, Capital Accounts Receivable Kris Storey, Drawing Supplies Fees Earned Prepaid Insurance Wages Expense Equipment Rent Expense Truck Utilities Expense Notes Payable Truck Expense Accounts Payable Miscellaneous Expense Post in chronological order the journal to a ledger of fourcolumn accounts, inserting appropriate posting references in the general journal 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.
On June Kris Storey established an interior decorating business, EcoCentric Designs. During the month, Kris completed the following transactions related to the business:
June Kris transferred cash from a personal bank account to an account to be used for the business, $
Paid rent for period of June to end of month, $
Purchased a used truck for $ paying $ cash and giving a note payable for the remainder.
Purchased equipment on account, $
Purchased supplies for cash, $
Paid annual premiums on property and casualty insurance, $
Received cash for job completed, $
Enter the following transactions on Page of the twocolumn journal:
Paid creditor a portion of the amount owed for equipment purchased on June $
Recorded jobs completed on account and sent invoices to customers, $
Received an invoice for truck expenses, to be paid in July, $
Paid utilities expense, $
Paid miscellaneous expenses, $
Received cash from customers on account, $
Paid wages of employees, $
Withdrew cash for personal use, $
Required: Cash Kris Storey, Capital
Accounts Receivable Kris Storey, Drawing
Supplies Fees Earned
Prepaid Insurance Wages Expense
Equipment Rent Expense
Truck Utilities Expense
Notes Payable Truck Expense
Accounts Payable Miscellaneous Expense Post in chronological order the journal to a ledger of fourcolumn accounts, inserting appropriate posting references in the general journal 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.
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