On October 1, 2010, Cody Doerr established Banyan Realty, which complteted the following transactions during the month:
a. Cody Doerr transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $17,500
b. Purchased supplies on account, $1,000
c. Earned sales commission, receiving cash. $12,250
d. Paid rent on office and equipment for the month, $3,800
e. Paid creditor on account, $600
f. Paid dividend, $3,000
g. Paid automobile expenses ( including rental charge) for the month $1,500, and for miscellaneous expense, $400.
h. Paid office salaries, $,3,100
i. Determined that the cost of supply used was $725.
Instructions:
1) Journalize entries for transactions (a) through
2) Prepare T-accounts using the account titles in.
3) Prepare an unadjusted trial balance as of October 31, 2010.