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Journal entries and trial balance Instructions Chart of Accounts Instructions On October 1, 20Y6, Jay Crowley established Affordable Realty, which completed the following transactions during
Journal entries and trial balance Instructions Chart of Accounts Instructions On October 1, 20Y6, Jay Crowley established 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, $40,000. Paid rent on office and equipment for the month, $4,800. Purchased supplies on account, $2,150. Paid creditor on account, $1,100. 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. Determined that the cost of supplies used was $1.300 2 3 4 5 6 Journal T Accounts Unadjusted Trial Balance 7 8
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