On October 1, 2016, 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, $40,000 2 Paid rent on office and equipment for the month, $4,800 3 Purchased supplies on account, $2,150 4 Paid creditor on account, $1,100 5 Earned sales commissions, receiving cash, $18,750 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $800 7 Paid office salanes, $3,500 8 Determined that the cost of supplies used was $1,300 9 Paid dividends, $1,500. 1 Joumalize entries for transactions Oct 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 unadiusted trial balance as of October 31 2016 1. Journalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles 2. Post the journal entries to the Laccounts, 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 tnal balance as of October 31, 2016. 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 October 5 Determine the increase or decrease in retained earnings for October All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 1 JOURNAL Score: 63/238 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY I Oct-01 Cash 31,500.00 $1,500.00 2 Oct-02 Rent Expenses 2,450.00 2,450.00 Oct-03 Supplies 2,200.00 2,200.00 Oct-04 Accounts Payable 860.00 860.00 Oct-05 Sales Commission 16,430.00 16,430.00 Oct-06 Automobile Expense 2,340.00 2.340.00 Oct-07 Salaries 2,200.00 2.200.00 Oct-8 Supplies Expense 1,100.00 1.100.00 00-9 Dividends 3,600.00 3,600.00