Journal T Accounts Unadjusted Trial Balance Final Questions On January 1, 2019, Sharon Matthews ostablished Tri-City Realty, which completed the following transactions during the month: Jan. 1 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40.000. 2 Paid rent on office and equipment for the month, $6,000. 3 Purchased supplies on account, $3,200. 4 Paid creditor on account, $1.750. 5 Eamed fees, receiving cash, $18,250. 6 Paid automobile expenses (including rental charge) for month, $1,880, and miscellaneous expenses, $420. 7 Paid offioe salaries, $5,000. 8 Determined that the cost of supples used was $1.400. 9 Withdrew cash for personal use. $2.000. Required 1. Journalize entries for transactions Jan. 1 through 9. Refer to the Chart of Accounts for exact wording of account tities. 2. Post the journal entries to the T accounts, 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 baiance. 3. Prepare an unadjusted trial balance as of January 31, 2019. 4. Determine the following: a. Amount of total revenue recorded in the tedger b. Amount of total expenses recorded in the ledger c Amount of net incpme for January 5. Determine the increase or decrease in owner's equity for January s equity for January Chart of Accounts g the CHART OF ACCOUNTS Tri-City Realty General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Supplies EXPENSES LIABILITIES 51 Rent Expense 52 Office Salaries Expense 53 Automobile Expense 54 Supplies Expense 55 Miscellaneous Expense 21 Accounts Payable EQUITY 31 Sharon Matthews, Capital 32 Sharon Matthews, Drawing . Jounalize entries for transactions Jan. 1 through 9. Refer to the Chart of Accounts for exact wording of account ttles PAGE 1 ACCOUNTING EQUATION JOURNAL DESIT CREDIT ASSETS LABILITIESQUITY DESCRIPTION DATE 10 12 13 15 16 17 18 19 Journal T Accounts Unadjusted Trial Balance Final Questions Chart of Accounts Instructions Unadjusted Trial Balance 3. Prepare an unadjusted trial balance as of January 31, 2019. Tri-City Realty UNADJUSTED TRIAL BALANCE January 31, 2019 DEBIT: CREDIT ACCOUNT TITLE 1 Cash 2 Supplies 3 Accounts Payable 4 Sharon Matthews, Capital S Sharon Matthews, Drawing 6 Fees Earned 7 Rent Expense Office Salaries Expense 9 Automobile Expense 10 Supplies Expense 11 Miscellaneous Expense 12 Tocals 4. Determine the following: 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 January. S 5. Determine the increase or decrease in owner's equity for January eBook Show Me How Calcu ator Print ltem Journal T Accounts |Unadjusted Trial Balance | Final Questions 2 Post the journal entries to the Tecounts, selecting the appropriate date to the left of each amount to identity the transactions Determine the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance Cash Bal. Supplles Bal. Accounts Payable Bal. Sharon Matthews, Capital Sharon Matthews, Drawing Fees Earned Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense Check My Work