On Ontober 1, 20Y6, Jay Crowley estabished Afiordable Reakty, which oompleted the following transactions during the month:1. Joumalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording ofOet1 Jay Crowley transferred cash from a personal bank account toan account to be used for the business in exchange foraccount titles.common stock, $31,500.2 Paid rent on office and equipment for the month, $2,450.PAGE 1JOURNALACCOUNTING EQUATION3 Purchased supplies on account, $2,200.4Paid creditor on account, $860.DATEDESCRIPTIONPOST, REF.DEBITCREDITASSETS LIABILITIESEQUITY5Earned sales commissions, receiving cash, $16,430.6 Paid automobile expenses (including rental charge) for2month, $1,650, and miscellaneous expenses, $690.7 Paid office salaries, $2,200.4* Determined that the cost of supplies used was $1,100.* Paid dividends, $3,600.1.Joumalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exactwording of account bitles.2 Post the journal entries to the Taccounts, selecting the appropriate date to the left of each amountto identify the transactions. Detemine the account balances, after all posting is complete.910Accounts containing only a single entry do not need a balance.113.* Prepare an unadusted tral balance as of October 31, 20Y6.12* Determine the following:13a. Amount of total rovenue recorded in the ledger.b. Amount of total expenses recorded in the ledger14C. Amount of net income for October.155.Determine the increase or decrease in retained eamings for October.CHART OF ACCOUNTSAffordable RealtyGeneral LedgerASSETS11 Cash12 Supples2. Post the joumal entries to the Tacceunts, selecting the appropriate date to the left of each amount to identifyLIABILITIESthe transactions. Determine the account balances, afler all posting is complete. Accounts containing only asingle entry do not need a balance.21 Accounts PavaleCashEQUITY31 Common Stock33 DividendREVENUE41 Sales Commissions3. Prepare an unaduated tral balance as of October 31, 20Y6.EXPENSESAtfordable HealityUNADJUSTED TRIAL BALANCEBal.51 Rent Expense52 Ofice Salaries ExpenseSupplies53 Automobile ExpenseOcteber 31, 20654 Suppies ExepenseAECOUNT TITLEDmTCREDIT55 Miscellansous ExpenseI CashBal.2 SuppliesAccounts Payable3 Accounts Payable4 Common Sicck5 DividendsBal.a Sales CommissionsCommon Stock: Rent Expenses Ofice Salaries ExpenseDividends* Automobile Expense1a Supplies Expense11 Miscellaneous ExpenseSales Commissions12 TotalsRent Expense4. Determine the following:Office Salaries Expensea Amount of total revenue recorded in the ledger.b. Amount of total experses recorded in the ledger.Automobile ExpenseC. Amaunt af net income for October..Supplies Expense5. Determine the increase or decrease in retavned eamings for October.Miscellaneous Expense

Name: On Ontober 1, 20Y6, Jay Crowley estabished Afiordable Reakty, which o
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Description: On Ontober 1, 20Y6, Jay Crowley estabished Afiordable Reakty, which oompleted the following transactions during the month:1. Joumalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording ofOet1 Jay Crowley tra

Prepare Journal entries as follows: Result

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On Onaber 1, 20YE, Jay Crowley estubiahed Afordabie Reahy which conpleed the folowing trarsactions during the month 1. Journalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles. Jay Crowley transferred cash from a personal bank accoune to an account to be used for the business in exchange for common stock, $31,500. * Paid rent on office and equipment for the month, $2,450. PAGE 1 JOURNAL * Purchased supplies on account, $2,200. ACCOUNTING EQUATION 4 Paid creditor on account, $860. CREDIT DATE DESCRIPTION POST. REF. DEBIT ASSETS LIABILITIES EQUITY * Earned sales commissions, receiving cash, $16,430. * Paid automobile expenses (including rental charge) for month, $1,650, and miscellaneous expenses, $690. 1 Paid office salaries, $2,200. * Determined that the cost of supplies used was $1,100. * Paid dividends, $3,600. 1. umatize 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. 10 Accounts containing only a single entry do not need a balance. 3 Prepare an unadusted tral batance as of October 31, 20Y6. 12 4 Determine the following a. Amount of total revenue recorded in the ledger. D. Amount of total expenses recorded in the iledger. 13 14 s Amount of net income for October 15 5 Determine the increase or decrease in retained amings for October. CHART OF ACCOUNTSAffordable RealtyGeneral Ledger ASSETS 11 Cash 12 Supples 2. Post the joumal entries to the Taccurt, selecting the appropriate date to the left of each amount to identify the transactions. Determine the account balances, after all postng is compiete. Accounts containing anly a single entry do not need a balance LIABIITIES 21 Accounts Payatle EQUITY Cash 31 Common Sook 33 Divitends REVENUE 41 Sales Commissions 3. Prepare an unaduated brial balance as of October 31, 20Y6. EXPENSES Bal. Attordabie Reality UNADJUSTED TRIAL BALANCE 51 Rent Expense 52 Ofice Salaries Expense Supplies 53 Automobile Expense October 31, 20Y6 54 Suppies Expene ACEOUNT TILE CREDIT 55 Miscellaneous Epense Cash Bal. 2 Supplies Accounts Payable Accounts Payable 4 Commn Sick s Dividends Ba a Sales Cammissions Common Stock Ront Eapense CHtice Salaries Expense Dividends Autemabile Expense 1a Supplies Expense 1 Miscellancous Expense Sales Commissions 2Totals Rent Expense 4. Determine the following: Office Salaries Expense a Amount of total revenue recorded in the ledger. b. Amount of total experses recorded in the ledger . Automobile Expense C. Amaunt af nat income for October. Supplies Expense 5. Determine the increase or decrease in retavned eamings for October. Miscelianeous Expense