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On November 1, 2019, Lex Martin established an interior decorating business, Hentage Designs. During the month, Lex completed the following transactions related to the
On November 1, 2019, Lex Martin established an interior decorating business, Hentage Designs. During the month, Lex completed the following transactions related to the business Nov 1 Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $26,000 1 Paid rent for period of November 1 to end of month, $3,800. 6 Purchased office equipment on account, $12.710 8 Purchased a truck for $30,400 paying $6,100 cash and giving a note payable for the remainder 10 Purchased supplies for cash, $1.920. 12 Received cash for job completed, $8,300 15 Paid annual premiums on property and casualty insurance: $2,200. 23 Recorded jobs completed on account and sent invoices to customers, $12.220. 24 Received an invoice for truck expenses, to be paid in November. $1,010 Enter the following transactions on Page 2 of the two-column journal Nov 29 Paid utiles expense, $3,510 29 Paid miscellaneous expenses, $1,650 30 Received cash from customers on account, $7,300 30 Paid wages of employees, $4,550 30 30 Paid creditor a portion of the amount owed for equipment purchased on November 6, $6,200 Paid dividends, $2,400 Required:
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