On October 1, 2020, Isshita Karim established an interior decorating business, Isshita Designs. During the month, John completed the following transactions related to the business:

Oct. 1

. Isshita transferred cash from a personal bank account to an account to be used for the business, $15,000.

4. Paid rent for the month of October, $1,100.

10. Purchased a used truck for $7,500, paying 1,500 cash and signing a note payable for the remainder.

12. Received $300 in advance for jobs to be performed in November.

13. Purchased equipment on account, $3,100.

14. Purchased supplies for cash, $719.

15. Paid annual premiums for property and casualty insurance, $600.

15. Received cash for job completed, $1,950.

21. Paid creditor a portion of the amount owed for equipment purchased on October 13, $1,500.

24. Recorded jobs completed on account and sent invoices to customers, $2,500.

26. Received an invoice for truck expenses, to be paid in November, $175.

27. Paid utilities bills, $140.

27. Paid miscellaneous expenses, $90.

29. Received cash from customers on account, 1,700.

30. Paid wages to employees, $900.

31. Withdrew cash for personal use, $200.

Isshita Designs

Journal Entries

Date	Description	Post. Ref.	Debit	Credit

Date	Description	Post. Ref.	Debit	Credit