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Please post your journal entries to the General Ledger and prepare a trial balanceOn January 1, 2019 Maria Adams established Custom Realty. Maria completed the following transactions during the month of January: Prepare Journal Entries for all transactions, Post to General Ledger and Prepare Trial Balance 1/1 Opened a business bank account with cash of $24,000 from her personal fund 1/2 Paid rent on office for the month $3,600 1/3 Paid automobile expenses for the month $1,350 and miscellaneous expense $60 1/10 Purchased supplies ON ACCOUNT $1,200 1/14 Earned money from selling real estate, receiving cash $19,800 1/20 Paid the supplier $750 where he purchased supplies on 1/10 1/25 Paid office salaries $2,500 1/27 Withdraw cash of $3,500 for personal use 1/31 Cost of Supplies left is $300 so, the business has used $900 worth of supplies during the month

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Journal Entries Date Account Titles and Explanation Debit Credit 1/1 Cash 24,000 Maria Adams, capital 24,000 (to record cash contributed by Maria Adams) 1/2 Rent Expense 3,600 Cash (to record rent expenses paid during the month) 3,600 1/3 Auto expense 1,350 60 Miscellaneous expense Cash (to record expenses paid) 1,410 1/10 Supplies 1,200 Accounts payable 1,200 (to record supplies purchased on account) 1/14 Cash 19,800 Sales commission 19,800 (to record cash earned from selling real estate)

1/20 Accounts payable 750 Cash 750 (to record cash paid to supplier) 1/25 Salaries expense 2,500 Cash 2,500 (to record payment of salary expense) 1/27 Maria Adams Drawings 3,500 Cash 3,500 (to record cash withdraw by Maria Adams) 1/31 Supplies expense 900 Supplies 900

General Ledge Account : Cash Date rnl Ref Debit Balance 24,000 Dr 20,400 Dr 19,050 Dr 18,990 Dr 38,790 Dr 38,040 Dr 35,540 Dr 32,040 Dr Item Credit 1/1 Maria Adams, Capital 1/2 Rent Expense 1/3 Auto Expense 1/3 Miscellaneous Expense 24,000 3,600 1,350 60 1/14 Sales commission 1/20 Accounts payable 1/25 Salaries expense 1/27 Maria Adams, Drawings 19,800 750 2,500 3,500 Account: Maria Adams, Capital Date Item rnl Ref Debit Credit Balance 1/1 Cash 24,000 24,000 Cr Account:Rent Expense Date tem rnl Ref Debit Credit Balance 1/2|Cash 3,600 3,600 Dr Account: Auto Expense Date Item rnl Ref Debit Credit Balance 1/3|Cash 1,350 1,350 Dr

Account: Miscellaneous expense Date Item Jrnl Ref Debit Credit Balance 1/3 Cash 60 60 Dr Account: Supplies Date rnl Ref Debit Balance 1,200 Dr 300 Dr Item Credit 1/10 Accounts payable 1/31 Supplies expense 1,200 900 Account: Accounts payable Date rnl Ref Debit Balance 1,200 Cr 450 Cr Item Credit 1/10 Supplies 1/20 Cash 1,200 750 Account Sales commission Date Item rnl Ref Debit Credit Balance 1/14 Cash 19,800 19,800 Cr Account Salaries Expense Date Item Jrnl Ref Debit Credit Balance 1/25 Cash 2,500 2,500 Dr

Account: Maria Adams, Drawings Date Item Jrnl Ref Debit Credit Balance 1/27 Cash 3,500 3,500 Dr Account : Supplies expense Date Item Jrnl Ref Debit Credit Balance 1/31 Cash 900 900 Dr Trial Balance Custom Real Trial Balance For the Month January, 2019 Debit Accounts Cash Supplies Accounts payable Maria Adams, Capital Maria Adams, Drawings Sales commission Rent Expense Auto expense Miscellaneous expense Salaries expense Supplies expense Total Credit 32,040 300 450 24,000 3,500 19,800 3,600 1,350 60 2,500 900 44,250 44,250

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