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Journal entries and trial balance Instructions Chart of Accounts Journal !TAccounts Unadjusted Trial Balance Final Questions Instructions On October 1, 2018, 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, $40,000 Paid rent on office and equipment for the month, $4,800 Purchased supplies on account, $2,150 Paid creditor on account, S1,100 Earned sales commissions, receiving cash, $18,750 Paid automobile expenses (including rental charge) for month $1,580, and miscellaneous expenses, $800 Paid office salaries, $3,500 8 Determined that the cost of supplies used was $1,300 9 Paid dividends, $1,500 6 7 1 Journakze 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 Check Mack 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 1. 31 Common Stock 55 Miscellaneous Expense 2. 33 Dividends My Work Instructions Chart of Accounts Journal T Accounts Unadjusted Trial Balance Final Instructions Journal T Accounts Unadjusted Trial Balance Shaded cells have feedback 2 e transaction AC 3. Prepare an unadjusted trial balance as of October 31, 2018 Question not attempted. Affordable Realty Score: 0/47 UNADJUSTED TRIAL BALANCE October 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2. Supplies 3 Accounts Pavable ansaction Check My Work Instructions Chart of Accounts Journal T Accounts Unadjusted Trial Balance Final Unadjusted Trial Balance 3. Prepare an unadjusted trial balance as of October 31, 2018 Question not attempted. Affordable Realty Score: 0/47 UNADJUSTED TRIAL BALANCE October 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2. Supplies 3 Accounts Payable 4 Common Stock S Dividends 6 Sales Commissions Root fonco Check My Work All work saved. O TI Journal entries and trial balance Instructions Chart of Accounts Journal !TAccounts Unadjusted Trial Balance Fina Unadjusted Trial Balance THELMOTO 4 Common Stock 5 Dividends 6 Sales Commissions 7 Rent Expense 8 Office Salaries Expense 9 Automobile Expense 10 Supplies Expense 11 Miscellaneous Expense 12 Totals Feedback Check My Work Unadjusted Trial Balance Shaded cells have feedback. Final Questions 5 4. Determine the following 6 a. Amount of total revenue recorded in the ledger $ 7 b. Amount of total expenses recorded in ledger. $ 8 c Amount of net income for October $ 9 N Points 073 10 11 5. Determine the increase or decrease in retained earings for October 12 Points 071 Feedback Check My Work Check My Work