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On June 1, 20Y6, Hannah Ellis established an interior decorating business, Whitworth Designs. During the month, Hannah completed the following transactions related to the

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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: June 1 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 $39,199 paying $6,200 cash and giving a note payable for the remainder. 10 Purchased supplies for cash, $3,260. 12 0253 2 15 24 Received cash for job completed, $16,730. Paid annual premiums on property and casualty Insurance, $4,940. Recorded jobs completed on account and sent invoices to customers, $16,320. Received an invoice for van expenses, to be paid in July, $2,060.

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