On June $1,2019,$ Kris Storey established an interior decorating business, Eco$-$Centric Designs. During the month, Kris completed the following transactions related to the business:

June $1.$ Kris transferred cash from a personal bank account to an account to be used for the business, $$31,500.$

$4.$ Paid rent for period of June $4$ to end of month, $$3,060.$

$6.$ Purchased a used truck for $$26,000,$ paying $$3,000$ cash and giving a note payable for the remainder.

$8.$ Purchased equipment on account, $$12,290.$

$10.$ Purchased supplies for cash, $$2,110.$

$12.$ Paid annual premiums on property and casualty insurance, $$4,730.$

$15.$ Received cash for job completed, $$13,230.$

Enter the following transactions on Page $2$ of the two$-$column journal:

$23.$ Paid creditor a portion of the amount owed for equipment purchased on June $13,$ $$4,380.$

$24.$ Recorded jobs completed on account and sent invoices to customers, $$15,060.$

$25.$ Received an invoice for truck expenses, to be paid in July, $$1,390.$

$26.$ Paid utilities expense, $$1,580.$

$27.$ Paid miscellaneous expenses, $$570.$

$28.$ Received cash from customers on account, $$6,300.$

$29.$ Paid wages of employees, $$4,190.$

$30.$ Withdrew cash for personal use, $$3,500.$

Required:

Question Content Area

$1.$ Journalize 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. $($Do not insert the account numbers in the journal at this time.$)$ Journal entry explanations may be omitted. For a compound transaction, if an amount box does not require an entry, leave it blank.

$11$ Cash $31$ Kris Storey, Capital

$12$ Accounts Receivable $32$ Kris Storey, Drawing

$13$ Supplies $41$ Fees Earned

$14$ Prepaid Insurance $51$ Wages Expense

$16$ Equipment $53$ Rent Expense

$18$ Truck $54$ Utilities Expense

$21$ Notes Payable $55$ Truck Expense

$22$ Accounts Payable $59$ Miscellaneous Expense