1. Create a journal, t accounts, unadjusted trial balance for the month of Oct

2.

urnal entries and trial balance Journal TAccounts Unadjusted Trial Balance Final Questions, Instructions On October 1, 2016, Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct 1 2 3 4 5 6 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $29,700. Paid rent on office and equipment for the month, $2,250. Purchased supplies on account, $2,300. Paid creditor on account, $840. Earned sales commissions, receiving cash, $14,500. Paid automobile expenses (including rental charge) for month, $1,630, and miscellaneous expenses, $590. Paid office salaries, $2,000. 7 8 9 Determined that the cost of supplies used was $1,350. Paid dividends, $2,300. 1. Joumalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles. 2. Post the journal entries to the T accounts, selecting the appropriate date to the left of each amount to identify the transactions. Determine the account balances, after all posting is complete Accounts containing only a single entry do Instructions Chart of Accounts On durir ASSETS REVENUE w for 11 Cash 41 Sales Commissions 12 Supplies EXPENSES LIABILITIES 51 Rent Expense 21 Accounts Payable 52 Office Salaries Expense 53 Automobile Expense neous EQUITY 54 Supplies Expense 31 Common Stock 55 Miscellaneous Expense 33 Dividends Uhadjusted Trial Balance Final Questions Shaded cells have feedback X Shaded cells have feedback. X 4. Determine the following: a. Amount of total revenue recorded in the ledger. $ b. Amount of total expenses recorded in the ledger. $ c. Amount of net income for October. $ Points: 5. Determine the increase or decrease in retained earnings for October Points: If ac 2. Post the journal entries to the Taccounts selecting the appropriate date to the left of each amount to iden transactions. Determine the account balances after all posting is complete. Accounts containing only a sin