Answer is in PDF 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.