On October 1, 2016, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the business:

Oct.	1	Jay transferred cash from a personal bank account to an account to be used for the business, $18,000.
	4	Paid rent for period of October 4 to end of month, $3,000.
	10	Purchased a used truck for $23,750, paying $3,750 cash and giving a note payable for the remainder.
	13	Purchased equipment on account, $10,500.
	14	Purchased supplies for cash, $2,100.
	15	Paid annual premiums on property and casualty insurance, $3,600.
	15	Received cash for job completed, $8,950.

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

Oct.	21	Paid creditor a portion of the amount owed for equipment purchased on October 13, $2,000.
	24	Recorded jobs completed on account and sent invoices to customers, $14,150.
	26	Received an invoice for truck expenses, to be paid in November, $700.
	27	Paid utilities expense, $2,240.
	27	Paid miscellaneous expenses, $1,100.
	29	Received cash from customers on account, $7,600.
	30	Paid wages of employees, $4,800.
	31	Withdrew cash for personal use, $3,500.

Required:

1.	Journalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the account numbers in the journal at this time.)
2.	Post (in chronological order) the journal to a ledger of 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 balance for Pioneer Designs as of October 31, 2016.
4.	Determine the excess of revenues over expenses for October.