90.2K

Verified Solution

Question

Accounting

please help solve for 5.

image

image

Unadjusted Trial Balance How does grading work? Shaded cells have feedback. Affordable Realty UNADJUSTED TRIAL BALANCE October 31, 20Y6 Score: 47/47 \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ ctober 31,20Y6} \\ \hline & ACCOUNT TITLE & DEBIT & CREDIT \\ \hline 1 & Cash & 36,010.00V & \\ \hline 2 & Supplies & 850.00 & \\ \hline 3 & Accounts Payable & & 1,550.00 \\ \hline 4 & Jay Crowley, Capital & & 31,000.00V \\ \hline 5 & Jay Crowley, Drawing & 2,600.00v & \\ \hline 6 & Sales Commissions & & 16,160.00v \\ \hline 7 & Rent Expense & 2,850.00 & \\ \hline 8 & Office Salaries Expense & 2,700.00v & \\ \hline 9 & Automobile Expense & 1,640.00v & \\ \hline 10 & Supplies Expense & 1,500.00v & \\ \hline 11 & Miscellaneous Expense & 560.00 & \\ \hline 12 & Totals & 48,710.00v & 48,710.00v \\ \hline \end{tabular} 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 Jay Crowley, Capital for October

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students