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Instructions On October 1, 2018, Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct. 1 Jay Crowley transfered cash
Instructions On October 1, 2018, Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct. 1 Jay Crowley transfered cash from a personal bank account to an account to be used for the business in exchange for common stock, $31,500. 2 Paid rent on office and equipment for the month, $2,850. 3 Purchased supplies on account, $2,200 4 Paid creditor on account, $830 5 Eamed sales commissions, receiving cash, $14,580. 6 Paid automobile expenses (including rental charge) for month, $1,830, and miscellaneous expenses $400 7 Paid office salaries, $2,400 8 Determined that the cost of supples used was $1,150 9 Paid dividends, $3,200. 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, aher all pasting is complete Accounts containing only a single entry do not need a balance 3. Prepare an unadjusted trial balance as of October 31, 2018 4. Determine the following
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