Journal Entries and Trial Balance On October 1, 2018, Jay Crowley established Affordable Realty, which completed the following transactions during the month a. Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $23,000 b. Paid rent on office and equipment for the month, $4,250, c. Purchased supplies on account, $1,260. d. Paid creditor on account, $460. e. Earned sales commissions, receiving cash, $19,320. t. Paid automobile expenses (including rental charge) for month, $1,180, and miscellaneous expenses, $190. g. Paid office salaries, $2,470. h. Determined that the cost of supplies used was $700. 1. Paid dividends, $1,140. Required: 1. Journalize entries for transactions (a) through (1) (in chronological order), using the following account titles: Cash, Supplies, Accounts Payable, Common Stock Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense. Supplies Expense, Miscellaneous Expense. For a compound transaction, if an amount box does not require an entry, leave it blank. 1 1 1 1 1 111 > I 111 Check My Work 1 more Check My Work uses remaining 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these T accounts, selecting the appropriate letter to the left of each amount to identify the transactions. Determine the account balances of the T accounts (when required), after all posting is complete. Accounts containing a single entry only (such as Common Stock) do not need a balance Cash Bal. Supplies Bal. Accounts Payable Bal. Leaming Accounts Payable Bal. Common Stock Dividends Sales Commissions Rent Expense W Online Teaching and learning from Canal Office Salaries Expense Automobile Expense Supplies Expense