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: Show Me How General Ledger Excel 13 ut Kristrarferred cash from a personal baik count to an account to bed for the business, $55.000 1 Paid rent for period od June 1 to end of month. 54,700 Purchased office waumento account. $14.100 Purchased a van for $20.00 pana 54.500 cash and giving a rote payable for the remainder 10 Purchased for ca 2.300 Received ash for job completed, 512,200 15 Pald annual premium on property and chaty verano. .001 23 Recorded jobs compt on account and went voices to comes 18.000 22 Received an inwoice for an expense to be paid in June 11,000 Enter the following actions on Page 2 of the neo-column journal June 2 Paides expen, 53.100 20 Paidmenous expenso 30 Received cash from customers on account, 87,830 30 Paid wages of employees $5.070 Paid creditor a portion of the amount owed for egement purchased on June 58.05. Withdrew cash for personal use, 51.600 30 30 INSTRUCTIONS 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.) Explanations may be omitted. 11 Cash 12 Accounts receivable 13 Supplies 14 Prepaid Insurance 16 Equipment 18 Van 21 Nolas Payable 22 Accounts Payable 31 Storey Capital 32 Storey, Drawing 41 Fees Karned 51 We pense 53 Rent Expense St Uttes Expense 56 Van Experte 50 Miscellaneous Expense 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 Eco-Centric Designs as of June 30, 2019 ANSWER Check Figure: Total of Credit column: $91.875 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 Juno