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On October 1, 2018, 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, 2018, 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 in exchange for common stock, $19,900. 4 Paid rent for period of October 4 to end of month, $1,930. 10 Purchased a used truck for $17,000, paying $2,000 cash and giving a note payable for the remainder. 13 Purchased equipment on account, $7,760. 14 Purchased supplies for cash, $1,330. 15 Paid annual premiums on property and casualty insurance, $2,990. 15 Received cash for job completed, $8,360. 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, $2,770 24 Recorded jobs completed or account and sent invoices to customers, $9,510, 26 Received an invoice for truck expenses, to be paid in November, $880.1 27 Paid utilities expense, $1,000. 27 Paid miscellaneous expenses, $360. 29 Received cash from customers on account, $3,980. 30 Paid wages of employees, $2,650. 31 Paid dividends, $2,210.

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