Question

Journal Entries and Trial Balance On June 1, 2019, Kris Storey established an interior decorating business, Eco-Centric Designs. During the month, Kris completed the following transactions related to the business. June 1. 4. 6. Kris transferred cash from a personal bank account to an account to be used for the business, $21,700. Pald rent for period of June 4 to end of month, $2,100. Purchased a truck for $18,000, paying $2,000 cash and giving a note payable for the remainder. Purchased equipment on account, $8,460. 10. Purchased supplies for cash, $1,450. 12. Pald annual premiums on property and casualty Insurance, $3,260. 15. Received cash for job completed, $9,110. 8. Enter the following transactions on Page 2 of the two-column Journal 23 24. 25 Paid creditor a portion of the amount owed for equipment purchased on June 13, $3,020. Recorded jobs completed on account and sent involves to customers, $10,370 Received an invoice for truck expenses, to be paid in July, $950. Pald utilities expense, $1,090. Paid miscellaneous expenses, $390. Received cuth from customers on account, $4,340 26 27 28 29 Pald wages of employees, $2,890. Withdrew cash for personal use, 52,410 30 Requiredi Journal och transaction in column ouma heininen Prot referring to the followine chat counts in select the che de < Previous Check My Work Email Instructor Save and Exit Submit Assignment for Grading All work saved

Answer 1

Post Pate Debit Credit Desuiption Ref June , Cash 21,700 31 Kris & Stoney, capital =ñ 21,700 53 2,100 4. Rent Expense cash = 2,100 18 6 18,000 Truck cah Note = 2,000 16,000 21 8 16 Equipment 8, 460 Account payable 22 8,460 13 10 1,450 11 1,450 Supplies Cash Prepaid Insmane 14 3,260 12 cash 11 3,260 9, 110 15 Cash Fees Earned j, 41 9,110 22 23 Account payable 3020 Cash 11 3,020 24. Account Recievable Fees earned 12 41 10,370 10,370 55 950 25 Truck expense Account payable 22 950 . 26 Utilities expense 54 11 1,090 cash 1,090

TRAGE 27 Miscellaneous expense 59 390 Carh u 390 28 4,340 Cash Account Recievable 11 12 4,340 29. Wajes expense 5। 2,890 Cash U 2,890 30 32 Keis story, Dearoing cash 2, 410 11 2,410