On October 1, 2018, Jay Crowley established Affordable Realty, which completed the following transactions during the month:

1. Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $32,000.
2. Paid rent on office and equipment for the month, $5,840.
3. Purchased supplies on account, $1,730.
4. Paid creditor on account, $640.
5. Earned sales commissions, receiving cash, $26,560.
6. Paid automobile expenses (including rental charge) for month, $1,620, and miscellaneous expenses, $1090.
7. Paid office salaries, $3,400.
8. Determined that the cost of supplies used was $960.
9. Paid dividends, $1,570.

Required:

1. Journalize entries for transactions (a) through (i) (in chronological order), using the following account titles: Cash, Supplies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. For a compound transaction, if an amount box does not require an entry, leave it blank.

a.		fill in the blank cb39bdfbf056067_2
			fill in the blank cb39bdfbf056067_4
b.		fill in the blank cb39bdfbf056067_6
			fill in the blank cb39bdfbf056067_8
c.		fill in the blank cb39bdfbf056067_10
			fill in the blank cb39bdfbf056067_12
d.		fill in the blank cb39bdfbf056067_14
			fill in the blank cb39bdfbf056067_16
e.		fill in the blank cb39bdfbf056067_18
			fill in the blank cb39bdfbf056067_20
f.		fill in the blank cb39bdfbf056067_22	fill in the blank cb39bdfbf056067_23
		fill in the blank cb39bdfbf056067_25	fill in the blank cb39bdfbf056067_26
		fill in the blank cb39bdfbf056067_28	fill in the blank cb39bdfbf056067_29
g.		fill in the blank cb39bdfbf056067_31
			fill in the blank cb39bdfbf056067_33
h.		fill in the blank cb39bdfbf056067_35
			fill in the blank cb39bdfbf056067_37
i.		fill in the blank cb39bdfbf056067_39
			fill in the blank cb39bdfbf056067_41

2. Prepare T accounts, using the account titles in (1). Post the journal entries to these T accounts, selecting the appropriate letter to the left of each amount to identify the transactions. Determine the account balances of the T accounts (when required), after all posting is complete. Accounts containing a single entry only (such as Common Stock) do not need a balance.

Cash
	fill in the blank 1feb6e010fe3f8f_2		fill in the blank 1feb6e010fe3f8f_4
	fill in the blank 1feb6e010fe3f8f_6		fill in the blank 1feb6e010fe3f8f_8
			fill in the blank 1feb6e010fe3f8f_10
			fill in the blank 1feb6e010fe3f8f_12
			fill in the blank 1feb6e010fe3f8f_14
Bal.	fill in the blank 1feb6e010fe3f8f_15

Supplies
	fill in the blank 1feb6e010fe3f8f_17		fill in the blank 1feb6e010fe3f8f_19
Bal.	fill in the blank 1feb6e010fe3f8f_20

Accounts Payable
	fill in the blank 1feb6e010fe3f8f_22		fill in the blank 1feb6e010fe3f8f_24
		Bal.	fill in the blank 1feb6e010fe3f8f_25

Common Stock
			fill in the blank 1feb6e010fe3f8f_27

Dividends
	fill in the blank 1feb6e010fe3f8f_29

Sales Commissions
			fill in the blank 1feb6e010fe3f8f_31

Rent Expense
	fill in the blank 1feb6e010fe3f8f_33

Office Salaries Expense
	fill in the blank 1feb6e010fe3f8f_35

Automobile Expense
	fill in the blank 1feb6e010fe3f8f_37

Supplies Expense
	fill in the blank 1feb6e010fe3f8f_39

Miscellaneous Expense
	fill in the blank 1feb6e010fe3f8f_41

3. Prepare an unadjusted trial balance as of October 31, 2018. List all accounts in the order of Assets, Liabilities, Stockholders equity, Revenues, and Expenses. For those boxes in which no entry is required, leave the box blank.

Affordable Realty
Unadjusted Trial Balance
October 31, 2018
	Debit Balances	Credit Balances
	fill in the blank 2916a7ffcfe4faf_2	fill in the blank 2916a7ffcfe4faf_3
	fill in the blank 2916a7ffcfe4faf_5	fill in the blank 2916a7ffcfe4faf_6
	fill in the blank 2916a7ffcfe4faf_8	fill in the blank 2916a7ffcfe4faf_9
	fill in the blank 2916a7ffcfe4faf_11	fill in the blank 2916a7ffcfe4faf_12
	fill in the blank 2916a7ffcfe4faf_14	fill in the blank 2916a7ffcfe4faf_15
	fill in the blank 2916a7ffcfe4faf_17	fill in the blank 2916a7ffcfe4faf_18
	fill in the blank 2916a7ffcfe4faf_20	fill in the blank 2916a7ffcfe4faf_21
	fill in the blank 2916a7ffcfe4faf_23	fill in the blank 2916a7ffcfe4faf_24
	fill in the blank 2916a7ffcfe4faf_26	fill in the blank 2916a7ffcfe4faf_27
	fill in the blank 2916a7ffcfe4faf_29	fill in the blank 2916a7ffcfe4faf_30
	fill in the blank 2916a7ffcfe4faf_32	fill in the blank 2916a7ffcfe4faf_33
	fill in the blank 2916a7ffcfe4faf_34	fill in the blank 2916a7ffcfe4faf_35

4. As a result of the January transactions (a-i), determine the following:

a. Amount of total revenue recorded in the ledger. $fill in the blank 4d8a08f91012021_1

b. Amount of total expenses recorded in the ledger. $fill in the blank 4d8a08f91012021_2

c. Amount of net income for October. $fill in the blank 4d8a08f91012021_3

5. Determine the increase or decrease in retained earnings for October. $fill in the blank 4d8a08f91012021_4