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Instructions Unadjusted Trial Balance Shaded cells have feedback. X TAccounts Shaded cells have feedback. On October 1, 2018, Jay Crowley established Affordable Realty, which completed
Instructions Unadjusted Trial Balance Shaded cells have feedback. X TAccounts Shaded cells have feedback. On October 1, 2018, Jay Crowley established Affordable Realty, which completed the following transactions during 1 the month 3. Prepare an unaduste mal balance as of October 31, 2018 2. Post the journal entries to the Taccounts, 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 Oct. How does grading work? Score: 8/47 Cash Affordable Realty UNADJUSTED TRIAL BALANCE Oct. 1 30.600.00 Oct 2 2 2.750.00 October 31, 2018 Oct. 5 1 1 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, 530,600 2 Paid rent on office and equipment for the month, $2,750 3 Purchased supplies on account, S2,350 4 Paid creditor on account, $890. 5 Earned sales commissions, receiving cash, $15.800. 6 Paid automobile expenses (including rental charge) for month, S1,800, and miscelaneous expenses, S680 7 7 Paid office salaries, S2,000. 8 Determined that the cost of supplies used was $ 1,150 Paid dividends, S2,800. 15,800.00 Oct 4 890.00 ACCOUNT TITLE DEBIT CREDIT : Cash Octs 34.550.00 2.280.00 4.800.00 X 2,350.00 . Supplies Oct. 7 Accounts Payable 1.460.00 Oct 8 X 1.150.00 x 4 Common Stock Bal. 48,400.00 X 5 Dividends Supplies & Sales Commissions Oct 3 2.350.00 Oct. 3 X 2.350.00 X 7 Rent Expense : Office Salaries Expense Automobile Expense Bal. 2.350.00 X Final Questions Shaded cells have feedback. X 10 Supplies Expense Accounts Payable 11 Miscellaneous Expense Oct 4 890.00M Oct. 3 2.350.00 4. Determine the following: 12 Totals Bal. a. Amount of total revenue recorded in the ledger. S b. Amount of total expenses recorded in the ledger. S c. Amount of net income for October. S Common Stock Points: 2.21/13 Points: 0/3 Dividende 5. Determine the increase or decrease in retained earnings for October $ Sales Commissions Points: 0/1 Rent Expense Office Salaries Expense Automobile Expense Supplies Expense
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