Question: 1. Josmalcet entries for transactions Oct. 1 through 9 . Refer to the Chart of Accounts for exact wording of account tifles. Supplies Bal. Accounts











1. Josmalcet entries for transactions Oct. 1 through 9 . Refer to the Chart of Accounts for exact wording of account tifles. Supplies Bal. Accounts Payable Bal Common Stock TAccounts Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense 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, $40,000 2 Paid rent on office and equipment for the month, $4,800 3 Purchased supplies on account, $2,150 4 Paid creditor on account, \$1,100 5 Earned sales commissions, receiving cash, $18,760 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $800 7 Paid office salaries, $3,500 8 Determined that the cost of supplies used was $1,300 Accounts containing only a single entry do not newd a balance 3 Accounts Payable 4 Common Stock 5 Dividends 6 Sales Commissions 7 Rent Expense 8 Office Salaries Expense 9 Automobile Expense 10 Supplies Expense 11 Miscellaneous Expense 12 Totals Affordable Realty UNADJUSTED TRIAL BALANCE October 31,20Y6 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Supplies 3 Accounts Payable 4 Common Stock 5 Dividends CHART OF ACCOUNTS Affordable Realty General Ledger ASSETS 11 Cash 12 Supplies REVENUE 41 Sales Commissions 41 Sales Commissions EXPENSES 51 Rent Expense 52 Office Salaries Expense 53 Automobile Expense 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. 1. Joumalize entries for transactions Oct 1 through 9 . Refer to the Chart of Accounts for exact wording of account titles 2. Post the joumal entries to the I accounts, selecting the appropnate 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 unadiusted trial balance as of October 31,20Y6 4 Determine the following a. Amount of total cevenue 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 cetained eamings for October Common Stock Dividends Sales Commissions Rent Expense Office Salaries Expense
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