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

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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 Jay transferred cash from a personal bank account to an account to be used for the business, $27,500. Oct. 1. 4. Paid rent for period of October 4 to end of month, $2,670. 10. Purchased a used truck for $23,000, paying $2,000 cash and giving a note payable for the remainder 13. Purchased equipment on account, $10,730. 14. Purchased supplies for cash, $1,840. 15. Paid annual premiums on property and casualty insurance, $4,130. 15. Received cash for job completed, $11,550. Enter the following transactions on Page 2 of the two-column journal: 21. Paid creditor a portion of the amount owed for equipment purchased on October 13, $3,820. Recorded jobs completed on account and sent invoices to customers, $13,150. 24. 26. Received an invoice for truck expenses, to be paid in November, $1,210. 27. Paid utilities expense, $1,380. 27. Paid miscellaneous expenses, $490. 29. Received cash from customers on account, $5,500. 30. Paid wages of employees, $3,660. 31. Withdrew cash for personal use, $3,050.

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