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On October 1, 2076, Jay Crowley established Affordable Realty, which completed the following transactions during the month Oct 1 4 Jay Crowley transferred cash from a personat 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 $2,650 3. Purchased supplies on account, $2,200 Paid creditor on account, $830 Eamed sales commissions receiving cash, $14,580 Paid automobile expenses (including rental charge) for month $1,830, and miscellaneous expenses, $460 Paid office salaries $2,400 Determined that the cost of supplies used was $1,150 5 6 7 8 9 Paid dividends $3 200 1. Joumalize 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 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 unadusted trial balance as of October 31, 2046 4 Determine the following a Amount of total revenue recorded in the ledger 6. 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

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