Inetetictions Chart of Accounts Journal TAccounts Unadjusted Inal Balance Final Questions Instructions De October 1, 2018 Jay Crowley establishe Affordable Realty, which completed the following transactions during the month Oct 1 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $31,000 2 Paid rent on office and equipment for the month, $2,850 3 Purchased supplies on account. $2.350 4 Paid creditor on account, $800 b Eamed sales commissions, receiving cash, $16,160 6 Paid automobile expenses (including rental charge) for month, $1,640, and miscellaneous expenses. $560 Paid office salanes, $2,700. 7 8 Determined that the cost of supplies used was $1.500 9 Paid dividends $2.600 1 Jouenasze 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 Laccounts, 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, 2016 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 earnings for October Check My Work