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, $31,500. 2 Paid rent on office and equipment for the month, $2,450. 3 Purchased supplies on account, $2,200. 4 Paid creditor on account, $860. 5 Earned sales commissions, receiving cash, $16,430. 6 Paid automobile expenses (including rental charge) for month, $1,650, and miscellaneous expenses, $690. 7 Paid office salaries, $2,200. Determined that the cost of supplies used was $1 100 9 Paid dividends, $3,600 1. Journalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording of account tities 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 unadjusted trial balance as of October 31, 20Y6 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 Affordable Realty General Ledger ASSETS 11 Cash 12 Supplies REVENUE 41 Sales Commissions LIABILITIES 21 Accounts Payable EQUITY 31 Common Stock 33 Dividends EXPENSES 51 Rent Expense 52 Office Salaries Expense 53 Automobile Expense 54 Supplies Expense 55 Miscellaneous Expense Chart of Accounts Journal 1 Journalize entries for transactions Oct 1 through 9. Refer to the Chart of Accounts for exact wording of account titles DATE DESCRIPTION JOURNAL PAGE 1 ACCOUNTING EQUATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 2 Post the journal entries to the Taccounts, 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 Isirudiens Chart of Accounts Journal 1 Accounts 33 Dividends Cash A 3. Prepare an unadjusted trial balance as of October 31, 20Y6 Affordable Realty UNADJUSTED TRIAL BALANCE October 31, 20Y6 ACCOUNT TITLE 1 Cash 2 Supplies > Accounts Payable * Common Stock Dividends Sales Commissions DEBIT CREDIT 3. 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. $ 15. Determine the increase or decrease in retained earnings for October. 3 2 SA $