Instructions Chart of Accounts Journal T Accounts 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 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, 340,000 Paid rent on office and equipment for the month, 54,800 Purchased supplies on account, $2,150 Paid creditor on account, $1.100 Eamed sales commissions receiving cash $18.750 Paid automobile expenses (including rental charge) for month $1,580 and miscellaneous expenses. 4 5 6 $800 7 a Paid office salaries, $3,500 Determined that the cost of supplies used was S1 300 Paid dividends, $1,500 9 1. Journalze 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 idently the transactions Defermine the account balances, after all posting is complete Accounts containing only a single entry do not need a balance 3. Prepare an unudusted trial balance as of October 31, 2018 Chart of Accounts Affordable Realty General Ledger ASSETS REVENUE 11 Cash 41 Sales Commissions 12 Supplies EXPENSES LIABILITIES 51 Rent Expense 52 Office Salaries Expense 21 Accounts Payable 53 Automobile Expense 54 Supplies Expense EQUITY 31 Common Stock 55 Miscellaneous Expense 33 Dividends Journal Journalize entries for transactions of through Refer to the Chart of Accounts for exact wording of account INE JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POCET DIT CREDIE ASSETS LATES CQUITY Den Ol Chart of Accounts Journal 11 11 14 15 11 ns Determine the 4 Determine the following . Journal entries and trial balance Instruction Chart of Accounts Journal TAccounts Unadjusted Thal Batanice Final Questions Instructions or Chart of Accounts Journal T Accounts 2. For the journal entries to the consolecting the appropriate dale to this wit or exchange dere transaction Determine the account balances whereas complete Account conting only a single entry do not need Canh Oett Oct 1 Previous TAccounts Supplies Bal Accounts Payable Bal Common Stock Dividends DELCITITE ME TONOVITE. TAccounts Bal. Common Stock Dividends Sales Commissions Rent Expense Office Salaries Expense DELCITITE U TOTO Winy. Check My Work Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense DELCIC MC TUTTO WITTE eck My Work All work saved. Journal entries and trial balance Instructions Chart of Accounts Journal TAccounts Unadjusted Trial Balance Final Questio Unadjusted Trial Balance Affordable Realty UNADJUSTED TRIAL BALANCE October 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1. Cash 2 Supplies 3 Accounts Payable 4 Common Stock 5 Dividends 16 Sales Commissions 7 Rent Expense Office Salaries Expense 9 Automobile Expense 10 Supplies Expense nadjusted Trial Balance October 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2. Supplies 3 Accounts Payable 4 Common Stock 3 Dividends 6 Sales Commissions 7 Rent Expense 8 Office Salaries Expense 9 Automobile Expense 10 Supplies Expense 11 Miscellaneous Expense 12 Totals uctions Chart Of Accounts Journal TAccounts Unadjusted Trial Balance Final Questio Unadjusted Trial Balance Final Questions x 4. Determine the following 2 3 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 $ 6 5. Determine the increase or decrease in retained eamings for October 7 8 9 10 11 12 ck My Work
