Journal entries and trial balance Instructions Chart of Accounts Journal T Accounts Unadjusted Trial Balance Final Questions Instructions On October 1, 2016, 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, 531,500 2 Paid rent on office and equipment for the month, 52650 3 Purchased supplies on account 52.200 4 Paid creditor on account, 5830 5 Eamed sales commissions, receiving cash, 514580 Paid automobile expenses including rental charge) for month $1,630, and miscellaneous expenses $460 7 Paid office salaries, $2.400 6 Determined that the cost of supplies used was 51,150 9 Paid dividends, 53.200 1. Journal entries for transactions Oct through 9. Refer to the Chart of Accounts for exact wording of accounts 2. Post the journal entries to the accounts selecting the appropriate date to the left of each amount to identity the transaction Determine the account balances, after all posting is complete Accounts containing only a single entry do not need a balance 3. Prepare an unedusted fat balance as of October 31, 2016 4 Determine the following a Amount of total recorded in the de Amount of total expenses recorded in the lediger C Amount of net income for October 5. Determine the increase or decrease in vedeaming for October Chart of Accounts CHART OF ACCOUNTS Affordable Realty General Ledger ASSETS REVENUE 11 Cash 41 Sales Commissions 12 Supplies LIABILITIES 21 Accounts Payable EXPENSES 51 Rent Expense 52 Office Salanes Expense 53 Automobile Expense EQUITY 54 Supplies Expense 31 Common Stock 33 Dividends 55 Miscellaneous Expense