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:

Nov.	1	Hannah transferred cash from a personal bank account to an account to be used for the business, $27,200.
	1	Paid rent for period of June 1 to end of month, $4,000.
	6	Purchased office equipment on account, $12,820.
	8	Purchased a van for $30,800 paying $6,900 cash and giving a note payable for the remainder.
	10	Purchased supplies for cash, $1,650.
	12	Received cash for job completed, $8,000.
	15	Paid annual premiums on property and casualty insurance, $2,300.
	23	Recorded jobs completed on account and sent invoices to customers, $12,000.
	24	Received an invoice for van expenses, to be paid in July, $1,190.

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

Nov.	29	Paid utilities expense, $3,560.
	29	Paid miscellaneous expenses, $1,800.
	30	Received cash from customers on account, $7,500.
	30	Paid wages of employees, $4,750.
	30	Paid creditor a portion of the amount owed for equipment purchased on June 6, $6,230.
	30	Withdrew cash for personal use, $2,000.

	Required:
1.	Journalizeeach transaction in a two-column journalbeginning on Page 1, referring to the chart of accountsin selecting the accountsto be debitedand credited. (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2.)
2.	Post(in chronological order) the journal to a ledgerof four-column accounts, inserting appropriate posting references in both the journal and the ledger as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted.
3.	Prepare an unadjusted trial balancefor Whitworth Designs as of June 30, 20Y6.
4.	Determine the excess of revenuesover expensesfor June.
5.	Can you think of any reason why the amount determined in (4) might not be the net income for June?