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1. Connie Young, an architect, opened an office on 1 October 2022. During the month, she completed the following transactions connected with her professional practice:
1. Connie Young, an architect, opened an office on 1 October 2022. During the month, she completed the following transactions connected with her professional practice: (a) Transferred cash from a personal bank account to an account to be used for the business, RM36,000. (b) Paid October rent for office and workroom, RM2,400. (c) Purchased used automobile for RM32,800, paying RM7,800 cash and giving a note payable for the remainder. (d) Purchased office and computer equipment on account, RM9,000. (e) Paid cash for supplies, RM2,150. (f) Received cash from client for plans delivered, RM12,200. (g) Paid cash for miscellaneous expenses, RM815. (h) Paid cash to creditors on account, RM4,500. (i) Paid RM5,000 on note payable. (j) Recorded fees earned on plans delivered, payment to be received in November, RM18,300. (k) Paid salary of assistants, RM6,450. (I) Paid gas, oil, and repairs on automobile for October, RM1,020. 1. Connie Young, an architect, opened an office on 1 October 2022. During the month, she completed the following transactions connected with her professional practice: (a) Transferred cash from a personal bank account to an account to be used for the business, RM36,000. (b) Paid October rent for office and workroom, RM2,400. (c) Purchased used automobile for RM32,800, paying RM7,800 cash and giving a note payable for the remainder. (d) Purchased office and computer equipment on account, RM9,000. (e) Paid cash for supplies, RM2,150. (f) Received cash from client for plans delivered, RM12,200. (g) Paid cash for miscellaneous expenses, RM815. (h) Paid cash to creditors on account, RM4,500. (i) Paid RM5,000 on note payable. (j) Recorded fees earned on plans delivered, payment to be received in November, RM18,300. (k) Paid salary of assistants, RM6,450. (I) Paid gas, oil, and repairs on automobile for October, RM1,020
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