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On October 1 , 2 0 Y 6 , Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct. 1 Jay

On October 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, $30,000.
2 Paid rent on office and equipment for the month, $3,050.
3 Purchased supplies on account, $2,250.
4 Paid creditor on account, $880.
5 Earned sales commissions, receiving cash, $15,210.
6 Paid automobile expenses (including rental charge) for month, $1,600, and miscellaneous expenses, $510.
7 Paid office salaries, $2,300.
8 Determined that the cost of supplies used was $1,050.
9 Paid dividends, $2,900.
Journalize entries for transactions Oct. 1 through 9.
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.
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