Question: Instructions On October 1 , 2 0 Y 6 , Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct. 1

Instructions
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.
8 Determined that the cost of supplies used was $1,100.
9 Paid dividends, $3,600.
Unadjusted Trial Balance
Prepare an unadjusted trial balance as of October 31,20 Y6.
Question not attempted.
I need Help
 Instructions On October 1,20Y6, Jay Crowley established Affordable Realty, which completed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!