can someone help me out
Instructions On October 1, 2016, Jay Crowley established Affordable Realty, which completed the following transactions during the month Oct. 1 2 3 4 5 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 Paid rent on office and equipment for the month, $3,050. Purchased supplies on account, $2,250 Pald creditor on account, $880 Earned sales commissions, receiving cash, $15,210. Paid automobile expenses (including rental charge) for month $1,600, and miscellaneous expenses. $510 Paid office salaries, $2,300. Determined that the cost of supplies used was $1,050. 9 Pald dividends, $2,900. 6 7 8 1. Journalize 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 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 undiusted trial balance as of October 31, 20Y6. 4. Determine the following: a. Amount of total covenue recorded in the leger. b. Amount of total expenses recorded in the ledger c. Amount of net income for October 5. Determine the increase or decrease in retained earnings for October Chart of Accounts CHART OF ACCOUNTS Affordable Realty General Ledger ASSETS REVENUE 11 Cash 41 Sales Commissions 12 Supplies EXPENSES LIABILITIES 51 Rent Expense 21 Accounts Payable 52 Office Salaries Expense 53 Automobile Expense EQUITY 54 Supplies Expense 31 Common Stock 55 Miscellaneous Expense 33 Dividends JOURNAL Score: 117/238 ACCOUNTING EQUATION DESCRIPTION DATE POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 1 Cash 30,000.00 t 2 30,000.00 capital To record cash deposit to business account-in exchange of com 3 2 rent 3,050.00 5 ! Cash 3,050.00 6 7 2.250.00 2,250.00 9 10 4 880,00 880.00 1 11 12 to record rent of this month are paid 3 purchase account payable to record purchases supplies on account Account payables Cash to record cash paid to creditor for purchase of supplies 5 Cash sales commission to record earned sales commision in cash 6 automobiles expenses miscellaneous expenses Cash 15.210.00 T 13 15,210.00 14 15 1,600,00 16 510.00 11 2,110.00 1 11 10 to record cash paid for automobiles and miscellaneous expense 2 Post the journal entries to the accounts, selecting the appropriate date to the left of each amount to identify the transactions. Determine the account balances aller al posting is complete, Accounts containing only a single entry do not need a balance Cash Oct. 5 x 15,210,00 X Oct. 2 3,050.00 M Oct. 1 X 30,000.00 X Oct 4 880.00 Oct 1,600.00 X OctX 510.00 X Oct. 7 X 2,300.00 X Bal. 45.210.00 X Supplies Oct. 3 2,250.00 Oct 1,050.00 Bal 2,250.00 X Accounts Payable Oct. 4 880.00 Oct 3 2.250,00 Bal 2.250.00 X Common Stock Dividends eBook Show Me How AUDIA Common Stock Dividends Sales Commission Oct. 5 15,210.00 Rent Expense 3.050.00 Office Salaries Expense 2,300.00 Automobile Expanse 1,600.00 Supplies Expenso 1,050.00 Miscellaneous Expense 510.00 Points 20/41 3. Prepare an unadjusted trial balance as of October 31, 20Y6. How does grading work? Affordable Realty Score: 28/47 UNADJUSTED TRIAL BALANCE October 31, 2016 ACCOUNT TITLE DEBIT CREDIT 1 Cash 36,870.00 2 Supplies 1,200.00 1,370.00 15,210.00 3 Accounts Payable 4 Common Stock 5 Dividends 6 Sales Commissions 7 Rent Expense 8 Office Salaries Expense 9 Automobile Expense 10 Supplies Expense 11 Miscellaneous Expense 1,050.00 1,600.00 1,050.00 510.00 12 Totals Final Questions 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. S 5. Determine the increase or decrease in retained earnings for October
