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

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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