Pampanons Why De omitted. 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these accounts, placing the appropriate letter to the left of each amount to identify the transactions. Determine the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance. 3. Prepan unadjusted trial balance as of August 31, 2016. 4. Determine the following: a. Amount of total revenue recorded in the ledger. b. Amount of total expenses recorded in the ledger. c. Amount of net income for August. 5. Determine the increase or decrease in owner's equity for August. -dit PR 2-3A Journal entries and trial balance OBJ. 1, 2, 3, 4 On November 1, 2016, Patty Cosgrove established an interior decorating business, Classic Designs. During the month, Patty completed the following transactions related to the business: Nov. 1. Patty transferred cash from a personal bank account to an account to be used for the business, $27.750. 1. Paid rent for period of November 1 to end of month, $4,000. 6. Purchased office equipment on account, $12,880 8. Purchased a truck for $32,500 paying $6,500 cash and giving a note payable for the remainder 10. Purchased supplies for cash, $1,860. 12. Received cash for job completed, $7,500 (Conti 9 Page 1 of 1254. Location 29 of 33736 MacBook Pro G H Thu 3:20 esyani's Kindle for Mac - Accounting Page 92 of 1254 2 Analyzing Transactions Nov. 15. Paid annual premiums on property and casualty insurance, $2,400. 23. Recorded jobs completed on account and sent invoices to customers, $12,440. 24. Received an invoice for truck expenses, to be paid in November, $1,100. Enter the following transactions on Page 2 of the two-column journal 29. Paid utilities expense, $3,660. 29. Paid miscellaneous expenses, $1,700. 30. Received cash from customers on account, $8,000. 30. Paid wages of employees, $4,750. 30. Paid creditor a portion of the amount owed for equipment purchased on November 6, $6,220. 30. Withdrew cash for personal use, $2,000. Instructions 1 lournalize och m otion intola