How would you determine the excess of revenues over expenses?

Revenues minus Expenses

On July 1, 2012, Kim Wheeler established an interior decorating business, Aztec Designs. During the month, Kim completed the following transactions related to the business.



Jul.

1

Kim transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $ 22,700.





4

Paid rent for period of July 4 to end of month, $ 2,200.





10

Purchased a used truck for $ 19,000, paying $ 2,000 cash and giving a note payable for the remainder.





13

Purchased equipment on account, $ 8,850.





14

Purchased supplies for cash, $ 1,520.





15

Paid annual premiums on property and casualty insurance, $ 3,410.





15

Received cash for job completed, $ 9,530.





21

Paid creditor a portion of the amount owed for equipment purchased on July 13, $ 3,160.





24

Recorded jobs completed on account and sent invoices to customers, $ 10,850.





26

Received an invoice for truck expenses, to be paid in August, $ 1,000.





27

Paid utilities expense, $ 1,140.





27

Paid miscellaneous expenses, $ 410.





29

Received cash from customers on account, $ 4,540.





30

Paid wages of employees, $ 3,020.





31

Paid dividends, $ 2,520.

These are simple journalizing transactions. What is your question? Or do you not know how to journalize a simple transaction.