On January 1, 2019, Sharon Matthews established 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	Earned fees, receiving cash, $18,250.
	6	Paid automobile expenses (including rental charge) for month, $1,880, and miscellaneous expenses, $420.
	7	Paid office salaries, $5,000.
	8	Determined that the cost of supplies 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 titles.

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 balance.

3.

Prepare an unadjusted trial balance as of January 31, 2019.

4.

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 January.

5.

Determine the increase or decrease in owners equity for January.

1. Journalize entries for transactions Jan. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles.

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 balance.

3. Unadjusted Trial Balance

4. Final Questions

Chart of Accounts CHART OF ACCOUNTS Tri-City Realty General Ledger ASSETS REVENUE 41 Fees Earned 11 Cash 12 Supplies LIABILITIES 21 Accounts Payable EXPENSES 51 Rent Expense 52 Office Salaries Expense 53 Automobile Expense 54 Supplies Expense 55 Miscellaneous Expense EQUITY 31 Sharon Matthews, Capital 32 Sharon Matthews, Drawing Jourral 1. Joumalize entries for transactions Jan. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY T Accounts Cash Supplies Accounts Payable T Accounts Sharon Matthews, Capital Sharon Matthews, Drawing Fees Earned Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense Unadjusted Trial Balance Tri-City Realty UNADJUSTED TRIAL BALANCE January 31, 2019 ACCOUNT TITLE DEBIT CREDIT Cash Supplies Accounts Payable Sharon Matthews, Capital Sharon Matthews, Drawing & Fees Earned Rent Expense Office Salaries Expense 9 Automobile Expense 10 Supplies Expense 1:1 Miscellaneous Expense 12 Totals Final Questions 4. 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 January. $ 5. Determine the increase or decrease in owner's equity for January