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, $25,000. b. Paid rent on office and equipment for the month, $4,510. c. Purchased supplies on account, $1,330. d. Paid creditor on account, $490. e. Earned sales commissions, receiving cash, $20,500. f. Pald automobile expenses (including rental charge) for month, $1,250, and miscellaneous expenses, $840. 9. Paid office salaries, $2,620. n. Determined that the cost of supplies used was $740. 1. Pald dividends, $1,210. Required: 1. Joumalize entries for transactions (a) through C) (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, an amount box does not require an entry, leave it blank Cash 25,000 Common Stock 25.000 1.330 b Accounts Payable 1.330 Cash - b. Accounts Payable 1,330 Cash C. d. 9. 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these Taccounts, selecting the appropriate letter to the left of each amount to identi 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 Common Stock Dividends Sales Commissions Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense 3. Prepare an unadjusted trial balance as of October 31, 2018. List all accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses. For those boxes in which no entry is required, leave the box blank. Affordable Realty Unadjusted Trial Balance October 31, 2018 Debit Balances Credit Balances 4. As a result of the January transactions (a-1), determine the following: a. Amount of total revenue recorded in the ledger. b. Amount of total expenses recorded in the ledger. $ C. Amount of net income for October 5. Determine the increase or decrease in retained earnings for October