Journal entries and trial balance
On October 1, 2018, Jay Crowley established Affordable Realty, which completed the following
transactions during the month:
A.
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.
B. Paid rent on office and equipment for the month, $4,800.
C. Purchased supplies on account, $2,150.
D. Paid creditor on account, $1,100.
E. Earned sales commissions, receiving cash, $18,750.
F.
Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $800.
G. Paid office salaries, $3,500.
H. Determined that the cost of supplies used was $1,300.
Paid dividends, $1,500.
Answers: 1
Arts, 24.06.2019 22:10
I'm dead lol: a professor was traveling by boat. on his way he asked the sailor: “do you know biology, ecology, zoology, geography, physiology? the sailor said no to all his questions. professor: what the hell do you know on earth. you will die of illiteracy. after a while the boat started sinking. the sailor asked the professor, do you know swiminology & escapology from sharkology? the professor said no. sailor: “well, sharkology & crocodilogy will eat your assology, headology & you will dieology because of your mouthology.
Answers: 1
Journal entries and trial balance
On October 1, 2018, Jay Crowley established Affordable Realty, w...
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