PR 2-3 A Jirnal entriesand trial balance

containing only a single entry do not need a balance. 3. Prepare an 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 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 (Cod Page 91 of 1254 . Location 2899 of 33756