Mathematics, 11.10.2021 18:20 yungdaggerdic4543
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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.
Answers: 3
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On October 1, 20Y6, Jay Crowley established Affordable Realty, which completed th...
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