{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-24T22:06:42-04:00", "answer_date": "2024-05-24 22:06:42", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1652135", "url": "\/study-help\/questions\/rent-expense-office-salaries-expense-automobile-expense-supplies-expense-miscellaneous-1652135", "question_creation_date_js": "2024-05-24T22:06:42-04:00", "question_creation_date": "May 24, 2024 10:06 PM", "meta_title": "[Solved] Rent Expense Office Salaries Expense Auto | SolutionInn", "meta_description": "Answer of - Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense Instructions On January | SolutionInn", "meta_keywords": "rent,expense,office,salaries,automobile,supplies,miscellaneous,instructions,january,1,2019,sharon", "question_title_h1": " Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense Instructions On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the", "question_title": " Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense", "question_title_for_js_snippet": "Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense Instructions On January 1, 2019, Sharon Matthews established Tri City Realty, which completed the following transactions during the month Jan 1 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $30,500 2 Paid rent on office and equipment for the month, $2,650 3 Purchased supplies on account, $2,200 4 Paid creditor on account, $900 5 Earned fees, receiving cash, $14,660 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $570 7 Paid office salaries, $2,000 8 Determined that the cost of supplies used was $1,150 9 Withdrew cash for personal use, $2,600 Required 1 Journalize entries for transactions Jan 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 unadjusted trial balance as of January 31, 2019 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 January 5 Determine the increase or decrease in owner's equity for January ", "question_description": "\"image\"image", "transcribed_text": "Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense Instructions On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Jan. 1 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $30,500. 2 Paid rent on office and equipment for the month, $2,650. 3 Purchased supplies on account, $2,200. 4 Paid creditor on account, $900. 5 Earned fees, receiving cash, $14,660. 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $570. 7 Paid office salaries, $2,000. 8 Determined that the cost of supplies used was $1,150. 9 Withdrew cash for personal use, $2,600. Required: 1. Journalize entries for transactions Jan. 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 unadjusted trial balance as of January 31, 2019. 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 January. 5. Determine the increase or decrease in owner's equity for January.", "related_book": { "title": "Financial and Managerial Accounting", "isbn": "9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895", "edition": "11th Edition", "authors": "Jonathan E. Duchac, James M. Reeve, Carl S. Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/52.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-11th-edition-52", "see_more_uri": "" }, "free_related_book": { "isbn": "1780687044", "uri": "\/textbooks\/european-labour-law-1st-edition-9781780687049", "name": "European Labour Law", "edition": "1st Edition" }, "question_posted": "2024-05-24 22:06:42", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/which-of-the-following-best-describes-employees-suppliers-and-governments-701657", "description": "Which of the following best describes employees suppliers and governments? a.These are examples of organisational stakeholders. b.These are rarely considered in organisational behaviour theories....", "stars": 3 }, { "url": "\/a-parallel-plate-capacitor-has-a-capacitance-of-with-air", "description": "A parallel plate capacitor has a capacitance of with air between the plates. 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