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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

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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: Nov. 1. Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $50,000. 1. Paid rent for period of November 1 to end of month, $4,000. 6. Purchased office equipment on account. $15,000. 8. Purchased a truck for $38,500 paying $5,000 cash and giving a note payable for the remainder. 10. Purchased supplies for cash, $1,750. 12. Received cash for job completed, $11.500. 15. Paid annual premiums on property and casualty insurance, $2,400. 23. Recorded jobs completed on account and sent invoices to customers, $22.300. 24. Received an invoice for truck expenses, to be paid in November. $1,250. Enter the following transactions on Page 2 of the two-column journal: 29. 29. 30. 30. 30. 30. Instructions Paid utilities expense, $4,500. Paid miscellaneous expenses, $1,000. Received cash from customers on account, $9,000. Paid wages of employees, $6,800. Paid creditor a portion of the amount owed for equipment purchased on November 6, $3,000. Paid dividends, $2,500.

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