On July 1, 2006, Leon Cruz established an interior decorating business, Ingres De?signs

On July 1, 2006, Leon Cruz established an interior decorating business, Ingres De?signs. During the remainder of the month, Leon Cruz completed the following trans?actions related to the business:July 1. Leon transferred cash from a personal bank account to an account to beused for the business, $18,000.5. Paid rent for period of July 5 to end of month, $1,500.10. Purchased a truck for $15,000, paying $5,000 cash and giving a notepayable for the remainder.13. Purchased equipment on account, $4,500.14. Purchased supplies for cash, $975.15. Paid annual premiums on property and casualty insurance, $3,000.15. Received cash for job completed, $4,100.21. Paid creditor a portion of the amount owed for equipment purchased onJuly 13, $2,400.24. Recorded jobs completed on account and sent invoices to customers,$6,100.26. Received an invoice for truck expenses, to be paid in August, $580.27. Paid utilities expense, $950.27. Paid miscellaneous expenses, $315.29. Received cash from customers on account, $3,420.30. Paid wages of employees, $2,500.31. Withdrew cash for personal use, $2,000.Instructions1. Journalize each transaction in a two-column journal, referring to the followingchart of accounts in selecting the accounts to be debited and credited. (Do notinsert the account numbers in the journal at this time.) Journal