On June 1, 2019, Kris Storey established an interior decoratingbusiness, Eco-Centric Designs. During the month, Kris completed thefollowing transactions related to the business:

June	1	Kris transferred cash from apersonal bank account to an account to be used for the business,$27,250.
	1	Paid rent for period of June 1 toend of month, $3,100.
	6	Purchased office equipment onaccount, $12,700.
	8	Purchased a van for $31,450 paying$6,300 cash and giving a note payable for the remainder.
	10	Purchased supplies for cash,$1,660.
	12	Received cash for job completed,$9,000.
	15	Paid annual premiums on propertyand casualty insurance, $2,500.
	23	Recorded jobs completed on accountand sent invoices to customers, $12,440.
	24	Received an invoice for vanexpenses, to be paid in June, $1,390.

Enter the following transactions on Page 2 of the two-columnjournal:

June	29	Paid utilities expense,$3,660.
	29	Paid miscellaneous expenses,$1,580.
	30	Received cash from customers onaccount, $8,200.
	30	Paid wages of employees,$4,600.
	30	Paid creditor a portion of theamount owed for equipment purchased on June 6, $6,160.
	30	Withdrew cash for personal use,$2,100.

	Required:
1.	Journalize each transaction ina two-column journal beginning on Page 1, referring to the chart ofaccounts in selecting the accounts to be debited and credited. (Donot insert the post reference numbers until you have posted theentry to the general ledger in part 2.)
2.	Post (in chronological order)the journal to a ledger of four-column accounts, insertingappropriate posting references in both the journal and the ledgeras each item is posted. Extend the balances to the appropriatebalance columns after each transaction is posted.
3.	Prepare an unadjusted trialbalance for Eco-Centric Designs as of June 30, 2019.
4.	Determine the excess ofrevenues over expenses for June.
5.	Can you think of any reason whythe amount determined in (4) might not be the net income forJune?