Can anyone help me with the Sousa Realty Mini Practice Set from the College Acco

Question

Can anyone help me with the Sousa Realty Mini Practice Set from the College Accounting A Practical Approach 13th Edition textbook by Slater in Chapter 5? Specifically the Ocotber portion? I have submitted this question multiple times but havent recieved any help with the October portion. Please help!

September 1, 201X: James Sousa invested $12,000 cash in the real estate agency along with $5,000 of office equipment. Sept. 1: Rented and paid 5 months' rent in advance to Murray Property Management, $1,000. Sept. 1: Bought an automobile on account from Hyundai North, $19,000. Sept. 4: Purchased office supplies from Paper Company, for cash, $600. Sept. 5: Purchased additional office supplies from Paper Company, on account, $250. Sept. 6: Sold a house to Brendan Hue and collected a $11,000 commission. Sept. 8: Paid gas bill to Haffner Gas Co., $45. Sept. 15: Paid Rosie Petrillo, office secretary, $300. Sept. 17: Sold a building lot to Tropic Developers and earned a commission, $10,000; payment to be received on October 8. Sept. 20: James Sousa withdrew $4,000 from the business to pay personal expenses. Sept. 21: Sold a house to Suzanne Horngam and collected a $7,000 commission. Sept. 22: Paid gas bill, $80, to Haffner Gas Co. Sept. 24: Paid Hyundai North $800 to repair automobile. Sept. 30: Paid Rosie Petrillo, office secretary, $300. Sept. 30: paid Comcast September telephone bill, $330. Sept. 30: Received advertising bill for September, $900, from Chicago Times. The bill is to be paid on October 2.

Required Work for September:

1. Journalize transactions and post to ledger accounts

2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjustment data: a) One month's rent had expired. b) An inventory shows $100 of office supplies remaining. c) Depreciation on office equipment, $160. d) Depreciation on automobile, $210.

3. Prepare a Septmeber income statement, statement of owner's equity, and balance sheet.

4. From the worksheet, journalize, and post adjusting and closing entries (p. 3 of journal).

5. Prepare a post-closing trial balance.

Oct.1: Purchased additional office supplies on account from Paper Co., $850. Oct.2: Paid Chicago times advertising bill for Septmeber, $900. Oct. 3: Sold a house to Helen Baker and collected a commission of $7,300. Oct. 6: Paid gas bill to Haffner Gas Co., $29. Oct. 8: Collected commission from Tropic Developers for sale of building lot on September 17, $10,000. Oct. 12: Paid $530 to Long Realtors Assoc. to send employees to realtors' workshop. Oct. 15: Paid Rosie Petrillo, office secretary, $300. Oct. 17: Sold a house to Gary Schneider and earned a commission of $2,900. Commission to be received on November 10. Oct. 18: Sold a building lot to Lombardi Builders and collected a commission of $4,500. Oct. 22: Sent a check to Heritage Charities for $65 to help sponsor a local road race to aid the poor. (This amount is not to be considered an advertsing expense; it is a business expense and is posted to Miscellaneous Expense.) Oct. 24: Paid Hyundai North $620 for repairs to automobile due to accident. Oct. 28: James Sousa withdrew $2,200 from the business to pay personal expenses. Oct. 30: Paid Comcast telephone bill, $480. Oct. 30: Advertising bill from Chicago Times for October, $1,300. The bill is to be paid on November 2.

Required Work for October:

1. Journalize transactions in a general journal (p.4) and post to ledger accounts.

2. Prepare a trial balance in the first two columns of a blank, fold-out worksheet located at the end of your textbook at the end of your textbook and complete the worksheet using the following data: a) One month's rent had expired. Paid 5 months' rent in advance on September 1, $1,000. b) An inventory shows $130 of office supplies remaining. c) Depreciation on office equipment, $160. d) Depreciation on automobile, $210.

3. Prepare an October income statement, statement of owner's equity, and balance sheet.

4. From the worksheet, journalize and post adjusting and closing entries (p. 6 of journal).

5. Prepare a post-closing trial balance.

Explanation / Answer

S No Date Account Debit Credit 1 Oct 1 Office Supplies 850 1 Oct 1 Accounts Payable 850 2 Oct 2 Accounts Payable 900 2 Oct 2 Cash 900 3 Oct 3 Cash 7300 3 Oct 3 Commission Income 7300 4 Oct 6 Gas Bill Expense 29 4 Oct 6 Cash 29 5 Oct 8 Cash 10000 5 Oct 8 Accounts Receivable 10000 6 Oct 12 Staff Training 530 6 Oct 12 Cash 530 7 Oct 15 Salaries Expense 300 7 Oct 15 Cash 300 8 Oct 17 Accounts Receivable 2900 8 Oct 17 Commission Income 2900 9 Oct 18 Cash 4500 9 Oct 18 Commission Income 4500 10 Oct 22 Miscellaneous Expense 65 10 Oct 22 Cash 65 11 Oct 24 Repair Expense 620 11 Oct 24 Cash 620 12 Oct 28 James Capital 2200 12 Oct 28 Cash 2200 13 Oct 30 Telephone Expense 480 13 Oct 30 Cash 480 14 Oct 30 Advertising Expense 1300 14 Oct 30 Accounts Payable 1300 Adjusting Entries 1 Oct 31 Rent 200 1 Oct 31 Prepaid Rent 200 2 Oct 31 Supply Expense 720 2 Oct 31 Supplies 720 3 Oct 31 Depreciation Expense-Equipment 160 3 Oct 31 Depreciation Expense-Automobile 210 3 Oct 31 Accumulated Depcreciation 370 Commission Income 14700 Less: Expenses Miscellaneous Expense 65 Salaries Expense 300 Advertising Expense 1300 Gas Bill Expense 29 Staff Training 530 Repair Expense 620 Telephone Expense 480 Rent 200 Net Income 11176

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