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, $30,600.

2 Paid rent on office and equipment for the month, $2,750.

3 Purchased supplies on account, $2,350.

4 Paid creditor on account, $890.

5 Earned sales commissions, receiving cash, $15,800.

6 Paid automobile expenses (including rental charge) for month, $1,600, and miscellaneous expenses, $680.

7 Paid office salaries, $2,000.

8 Determined that the cost of supplies used was $1,150.

9 Paid dividends, $2,800.

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 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. Construct 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.

Adjusted Trial Balance Final Questions T Accounts 2. Post the journal entries to the Taccounts, selecting the appropriate date to the left of each amount to identity the transactions. Determine the account balances, after all posing is complete. Accounts containing only a single entry do not need a balance. Cash Supplies Accounts Payable ( Previous Next ) All work Land MacBook AirAccounts Unadjusted Trial Balance Final Questions T Accounts Accounts Payable Bal Common Stock Dividends Sales Commissions Rent Expense Office Salaries Expense Automobile Expense All work saved.Chart of Accounts Or X during the month: CHART OF ACCOUNTS for the business Affordable Realty General Ledger ASSETS REVENUE 11 Cash 41 Sales Commissions 12 Supplies cous expenses, EXPENSES LIABILITIES 51 Rent Expense 21 Accounts Payable 52 Office Salaries Expense 53 Automobile Expense EQUITY 54 Supplies Expense of account titles. 31 Common Stock 55 Miscellaneous Expense Identify the transaction 33 Dividends a balancecounts Unadjusted Trial Balance Final Questions art of Accounts Journal 1. Journdire entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DITCH PTION POST. REF. ASSETS LIABILITIES COUNTY Previous Next Submit Text for Gracin All work saved.Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense