balances, after all posting is complete: A ccounts containing only a singte enty do not need a balance. On October 1,20Y5, Jay Growley establshod Affordable Realify, which comploted the following transactions during the morth Oct 1 Jay Crowley transterred cash from a personal bank account to an account to be used for the business in exchange for common stock, $30,600 2 Paid rent on office and equipment for the month, $2,750 3 Purchased suppties on account, $2,350 4 Pald creditor on account, $890 5 Eamed sales commissions, receiving cash $15,800. 6 Paid automobile expenses (including rental charge) for month, $1,600, and iniscelaneous expenses $680 7 Paid otice salanes, $2,000 e transaction. 2. Deumgize enthes for transactions Oct 1 through 9 . Refor to the Chart of Accounts for exact wording of account thibs Chart of Accounts CHART OF ACCOUNTS Affordable Realty General Ledger ASSETS 11 Cash 12 Supplies REVENUE 41 Sales Commissions EXPENSES 51 Rent Expense 52 Office Salaries Expense 53 Automobile Expense EQUITY 54 Supplies Expense 8 Determined that the cost of supglies used was $1,150 9 Paid dividends, $2,800 1. Woumagze entries for transactions Oct 1 through 9 . Retor to the Chart of Accounts for exact wording of accounf tifies 2. Post the journar entres fo the Iacsoviate selecting the appropriate date to the feft of each amount to identify the fransactions Determine the 3. Prepare an unachusted trial batance as of October 3i, 20 ve 4 Determine the following a Amount of total revenue recorded in the sedoer b. Amount of fotal expenses recorded in the ledger. c. Amount of net income for actooer 5. Determine the increase or decrease in retained earnivgs for Octobor 11 Cash 41 Sales Commissions 12 Supplies EXPENSES LIABILITIES 21 Accounts Payable EQUITY 31 Common Stock 33 Dividends 51 Rent Expense 52 Office Salaries Expense 53 Automobile Expense 54 Supplies Expense 55 Miscellaneous Expense