On October 1, 20Y6, Jay Pryor estabilshed on 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, $21,000. 4. Paid rent for period of October 4 to end of month, $2,040. 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, $8,190. 14. Purchased supplies for cash, $1,410. 15. Paid annual premiums on property and casualty insurance, $3,150. 15. Received cash for job completed, $8,820. Enter the following transactions on Page 2 of the two-column joumal? 21. Paid creditor a portion of the amount owed for equipment purchased on October 13,$2,920. 24. Recorded jobs completed on account and sent invoices to customers, \$10, 040 . 26. Recelved an involce for truck expenses, to be paid in November, $920. 27. Paid utilities expense, 51,050. 27. Paid miscellaneous expense5, $380. 29. Recelved cosh from customers on account, 54,200 . 30. Paid wages of employees, 52,790 . 1. Joumalize each transaction in a two-column joumal beginning on Page 1 , reforring to the following chart of accounts in seliecting the actatints to be debited and credited. (Do not insert the account numbers in the journal at this time.) Joumal entry explenations mey be omitted. If an amount bex does not require an entry, leave it blank. Oct. 10 Oct. 13 Oct, 14 Oct. 15 Oct. 15 \begin{tabular}{|l|l|} \hline & \\ \hline Date & Description \\ \hline 20Y6 & \\ \hline Oct. 21 & \\ \cline { 1 - 2 } & \\ \hline Oct. 24 & \\ \hline \end{tabular} Page 2 Oct.27 Oct. 29 Oct.30 Oct.31 2. Post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references in the general journal as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted. If an amount box dces not require an entry, leave if 20Y6 oct. 14 206 Previous \begin{tabular}{|cccccc|} \hline Account & \multicolumn{1}{c}{ Accounts Payable } & Account NO. & 22 \\ \hline & & & & Balance \\ \hline Date Item & Post. Ref. & Deblt & Crealt & Debit & Credit \\ \hline \end{tabular} Check My Work \begin{tabular}{|llll|} \hline \multicolumn{1}{|c|}{ Account } & Accounts Payable & ACcount NO. \\ \hline Date Item & Post. Ret. & Deblt & Balance \\ \hline Oct. 13 & Credit & Deblt \\ \hline Oct. 21 & \\ \hline Oct. 26 & \end{tabular} \begin{tabular}{|lccc|} \hline Account & Jay Pryor, Drawing & Account No. & 32 \\ \hline & Balance \\ \hline \end{tabular} \begin{tabular}{|ccccc|} \hline \multicolumn{1}{|c|}{ Account } & Jay Pryor, Drawing & ACCOUNT NO. & 32 \\ \hline Date Item & Post. Ref. & Debit & Credit & Balance \\ \hline 20 Deblt & Credit \\ \hline Oct. 31 & & & \\ \hline \end{tabular} 20Y6 Oct. 4 Account Utilitles Expense ACCOUNT NO. 54 Balance 20Y6 20Y6 Oct. 26 3. Prepare an unedjusted triat balance for Pioneer Designs as of October 31, 20Y6. For those boxes in which no entry is required, leave the box blank first two account tities are filled in as an example. 7 eBook 4. Determine the excess of revenues over expenses for October. 5 On October 1, 20Y6, Jay Pryor estabilshed on 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, $21,000. 4. Paid rent for period of October 4 to end of month, $2,040. 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, $8,190. 14. Purchased supplies for cash, $1,410. 15. Paid annual premiums on property and casualty insurance, $3,150. 15. Received cash for job completed, $8,820. Enter the following transactions on Page 2 of the two-column joumal? 21. Paid creditor a portion of the amount owed for equipment purchased on October 13,$2,920. 24. Recorded jobs completed on account and sent invoices to customers, \$10, 040 . 26. Recelved an involce for truck expenses, to be paid in November, $920. 27. Paid utilities expense, 51,050. 27. Paid miscellaneous expense5, $380. 29. Recelved cosh from customers on account, 54,200 . 30. Paid wages of employees, 52,790 . 1. Joumalize each transaction in a two-column joumal beginning on Page 1 , reforring to the following chart of accounts in seliecting the actatints to be debited and credited. (Do not insert the account numbers in the journal at this time.) Joumal entry explenations mey be omitted. If an amount bex does not require an entry, leave it blank. Oct. 10 Oct. 13 Oct, 14 Oct. 15 Oct. 15 \begin{tabular}{|l|l|} \hline & \\ \hline Date & Description \\ \hline 20Y6 & \\ \hline Oct. 21 & \\ \cline { 1 - 2 } & \\ \hline Oct. 24 & \\ \hline \end{tabular} Page 2 Oct.27 Oct. 29 Oct.30 Oct.31 2. Post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references in the general journal as each item is posted. Extend the balances to the appropriate balance columns after each transaction is posted. If an amount box dces not require an entry, leave if 20Y6 oct. 14 206 Previous \begin{tabular}{|cccccc|} \hline Account & \multicolumn{1}{c}{ Accounts Payable } & Account NO. & 22 \\ \hline & & & & Balance \\ \hline Date Item & Post. Ref. & Deblt & Crealt & Debit & Credit \\ \hline \end{tabular} Check My Work \begin{tabular}{|llll|} \hline \multicolumn{1}{|c|}{ Account } & Accounts Payable & ACcount NO. \\ \hline Date Item & Post. Ret. & Deblt & Balance \\ \hline Oct. 13 & Credit & Deblt \\ \hline Oct. 21 & \\ \hline Oct. 26 & \end{tabular} \begin{tabular}{|lccc|} \hline Account & Jay Pryor, Drawing & Account No. & 32 \\ \hline & Balance \\ \hline \end{tabular} \begin{tabular}{|ccccc|} \hline \multicolumn{1}{|c|}{ Account } & Jay Pryor, Drawing & ACCOUNT NO. & 32 \\ \hline Date Item & Post. Ref. & Debit & Credit & Balance \\ \hline 20 Deblt & Credit \\ \hline Oct. 31 & & & \\ \hline \end{tabular} 20Y6 Oct. 4 Account Utilitles Expense ACCOUNT NO. 54 Balance 20Y6 20Y6 Oct. 26 3. Prepare an unedjusted triat balance for Pioneer Designs as of October 31, 20Y6. For those boxes in which no entry is required, leave the box blank first two account tities are filled in as an example. 7 eBook 4. Determine the excess of revenues over expenses for October. 5