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On November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the business:

On November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi 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, $27,200. 1 Paid rent for period of November 1 to end of month, $4,000. 6 Purchased office equipment on account, $12,820. 8 Purchased a truck 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 truck expenses, to be paid in November, $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 November 6, $6,230. 30 Paid dividends, $2,000.

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