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why this is incorrect ? what is correct answer eBook Show Me How Journal entries and trial balance Instructions Chart of Accounts Journal TAccounts Unadjusted
why this is incorrect ? what is correct answer
eBook Show Me How Journal entries and trial balance Instructions Chart of Accounts Journal TAccounts Unadjusted Trial Balance Final Questions Instructons On October 1, 2018 Jay Crowley established Affordable Realty, which completed the following transactions during the month Oct 1 2 3 4 5 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 Paid rent on office and equipment for the month $1,800 Purchased supplies on account, $2,150 Pad creditor on account 51.100 Earned sales commissions, receiving cash, $18,750 Paid automobile expenses including rental charge for month $1,500, and miscellaneous expenses 5800 Pad office satanes, $3,500 Determined that the cost of supplies used was 51300 Paid dividends, $1,600 7 B 9 1 Journale entries for transactions Oct 1 though. Refer to the Chart of Accounts for exact wording of accounts 2. Post the journal entries to the accounts, selecting the appropriate date to the left of each amount to idently the transactions Determine the Check My Work ebook Show Me How Journal entries and trial balance Instructions Chart of Accounts Journal T Accounts Unadjusted Trial Balance Fical Questions Instructors Chart of Accounts TAccounts Journal Shaded cells have feedback Shaded cols have feedback INGE ACCOUNTING EQUATION JOURNAL Score: 230/210 POST CREO LE TOUT DE 40.000.00 1 41 0000 001 Common Stock Otwie Canh 0 Sie Account O con Payable 000.00 3.150.00 2.150.00 1 1.100.00 1.10000 . Octs 150.00 1 Previous Check My Work Serre and Exch Submit Assignment for Grading eBook Show Me How Journal entries and trial balance Instructions Chart of Accounts Soumal TAccounts Unadjusted Trial Balance Final Questions Shaded cells have feedback Unadjusted Trial Balance Affordable Realty Score: 43747 UNADJUSTED TRIAL BALANCE October 31, 2018 CRENT ACCOUNT TITLE 1 Cash DENT 45,470.00 850,00 1,050.00 Supplies Accounts Payable Common Stock 40.000.00 3 Dividends 1.500.00 18750.00 480000 Sales Commissions 1 Root Expert Office Starles Expense Automobile Expert 10 Supplies Expert 3,500.00 1.500 1.500.00 PRE Check My Work Save and Exit Submit Assignme ACCOUNT TITLE CREDIT DEBIT 45,470.00 1 Cash 850.00 2 Supplies 3 Accounts Payable 4 Common Stock 1,050.00 40,000.00 5 Dividends 1,500.00 18,750,00 4,800.00 3,500.00 6. Sales Commissions 7 Rent Expense 8 Office Salaries Expense 9. Automobile Expense 10 Supplies Expense 11 Miscellaneous Expense 1,300.00 1,580.00 800.00 12 Totals 59,800.00 59,800.00 Journal entries and trial balance Instructions Chart of Accounts Journal T Accounts Unadjusted Trial Balance Final Questions Shaded cells have feed In Unadjusted Trial Balance Final Questions Shaded cells have feedback 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 $18.750,00 $11,980.00 $6,770.00 Points 3/3 7 5 Determine the increase or decrease in retained earnings for October 9 10 $6,770,00 X 10 Points 0/1 12 otas 59,800.00 59,800.00) 14.00 Step by Step Solution
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