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On October 1, 2010, Cody Doerr established Banyan Realty, which complteted the following transactions during the month: a. Cody Doerr transferred cash from a personal
On October 1, 2010, Cody Doerr established Banyan Realty, which complteted the following transactions during the month: a. Cody Doerr transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $17,500 b. Purchased supplies on account, $1,000 c. Earned sales commission, receiving cash. $12,250 d. Paid rent on office and equipment for the month, $3,800 e. Paid creditor on account, $600 f. Paid dividend, $3,000 g. Paid automobile expenses ( including rental charge) for the month $1,500, and for miscellaneous expense, $400. h. Paid office salaries, $,3,100 i. Determined that the cost of supply used was $725. Instructions: 1) Journalize entries for transactions (a) through (i). 2) Prepare T-accounts using the account titles in......... 3) Prepare an unadjusted trial balance as of October 31, 2010
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