On Oclober 1, 20Y6, 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, $31,500. 2 Paid rent on ofice and equipment for the month, $2,450. 3 Purchased supplies on account, $2,200 4 Paid creditor on account, $860. 5 Eamed sales commissions, receiving cash, $16,430. 6 Paid automobile expelises (including rental charge) for month, $1,650, and miscellaneous expenses, $690 7 Paid office salaries, $2,200 8. Metarmined that the cost nf sunnlias liced was \$1 10n On Oclober 1, 20Y6, 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, $31,500. 2 Paid rent on ofice and equipment for the month, $2,450. 3 Purchased supplies on account, $2,200 4 Paid creditor on account, $860. 5 Eamed sales commissions, receiving cash, $16,430. 6 Paid automobile expelises (including rental charge) for month, $1,650, and miscellaneous expenses, $690 7 Paid office salaries, $2,200 8. Metarmined that the cost nf sunnlias liced was \$1 10n