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1 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $30,000.

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1 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $30,000. 2 Paid rent on office and equipment for the month, \$3,050. 3 Purchased supplies on account, \$2, 250. 4 Paid creditor on account, $880. 5 Earned sales commissions, receiving cash, $15,210 6 Paid automobile expenses (including rental charge) for month, $1,600, and miscellaneous expenses, $510 7 Paid office salaries, $2,300. 8 Determined that the cost of supplies used was $1.050. a Paid druidends \&? ann 1. Joumalize entries for transactions Oct. 1 through 9. 2. Post the journal entries to the I 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 not need a balance. 3. Prepare an unadjusted trial balance as of October 31,20Y6. 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: 5. Determine the increase or decrease in retained eamings for October

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