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pls help me Obj. 1, 2, 3,4 On November 1, 20r9, Lexi Martin estaklished an interlor decorating business, Heritage Designs. Durtng the month. Lexd completed
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Obj. 1, 2, 3,4 On November 1, 20r9, Lexi Martin estaklished an interlor decorating business, Heritage Designs. Durtng the month. Lexd completed the following transactions related to the business: Nov. 1. Levi transferred cash from a persoral bark account to an account to be used for the business in exchange for corrmon stock, 550,000 . 1. Raid rent for period of November 1 to end of month, 54,000 . 6. Prrchased office equipment on account, 515,000 . 8. Purchased a trukk for $38,500 paying $5,000 cash and ghtirg a note payable for the rernainder: 10. Purchased supplies for cash, 51,730. 12. Received cash for job completed, $11,500. 15. Pald annual premiums on property and casuishy insurance, $2,400. 23. Recorded jobs completed on account and sent invoices fo customers, $22,300. 24. Recetved an involce for trudk expenses, to be poid in Novertber, 51,250 . Enter the following transactlons on Page 2 of the two-column journal: 29. Paid utilies expense, 54,S00. 29. Paid miscollaneous eppenses, $1,000. 30. Recelved cash from customers on accourt, $9,000 : 30. Paid wages of enploymes, \$6,800: 30. Paid creditor a portion of the amount owed for equiginent purchased on Noverber 6 . $3,000. 30. Paid dividends, $2,500. Instructions 1. Journalize each transaction in a two-column journal beginnlng on Page 1. referring to the following chart of accounts in selecting the accounts to be debited and credited. (Do not lnsert the account numbers in the journal at this time.) Explanations may be omitted. 2. Post the journal to a ledger of four-column accounts, inserting appropriate posting references as each item is posted. Extend the balances to the appropriate balance columns aftor each transaction Is posted. 3. Prepare an unadjusted trial balance for Heritage Derigns as of November 30, 20Y9 Step by Step Solution
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