3. Total of Debit column: $114,600 PR 2-1A Entries into T accounts and trial balance Obj. 1, 2, 3, 4 Erin Murdoch, an architect, organized Modern Architects as a proprietorship on January 1, 20Y4. During the month, Modern Architects completed the following transactions: a. Erin Murdoch opened a bank account in the name of the business, $50,000. b. Paid January rent for office and workroom, $3,000. c. Purchased used automobile for $30,000, paying $7,500 cash and giving a note payable for the remainder. Purchased office and computer equipment on account, $9,500. d. e. f. g. h. i. j. Paid cash for supplies, $1,800. Paid cash for annual insurance policies, $3,600. Received cash from client for plans delivered, $10,500. Paid cash for miscellaneous expenses, $1,500. Paid cash to creditors on account, $5,000. Paid installment due on note payable, $750. Received invoice for blueprint service, due in February, $5,500. k. 1. Recorded fees earned on plans delivered, payment to be received in February, $22,350. m. Paid salary of assistants, $8,000. n. Paid gas, oil, and repairs on automobile for January, $550. Instructions 1. Record these transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Erin Murdoch, Capital; Professional Fees; Salary Expense; Blueprint Expense; Rent Expense; Automobile Expense; and Miscellaneous Expense. To the left of the amount entered in the accounts, place the appropriate letter to identify the transaction. 2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. 3. Prepare an unadjusted trial balance for Modern Architects as of January 31, 20Y4. 4. Determine the net income or net loss for January. C

PR 2-1A Entries into T accounts and trial balance Obj. 1,2,3,4 Erin Murdoch, an architect, organized Modern Architects as a proprietorship on January 1 , 20Y4. During the month, Modern Architects completed the following transactions: a. Erin Murdoch opened a bank account in the name of the business, $50,000. b. Paid January rent for office and workroom, $3,000. c. Purchased used automobile for $30,000, paying $7,500 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $9,500. e. Paid cash for supplies, $1,800. f. Paid cash for annual insurance policies, $3,600. 9. Received cash from client for plans delivered, $10,500. h. Paid cash for miscellaneous expenses, $1,500 i. Paid cash to creditors on account, $5,000. 1. Paid installment due on note payable, 5750. k. Recelved invoice for blueprint service, due in February, $5,500. L. Recorded fees eamed on plans delivered, payment to be received in February, $22,350. m. Paid salary of assistants, $8,000. n. Paid gas, oll, and repairs on automobile for January, $550. Instructions 1. Record these transactions directly in the following T accounts, without journalizing Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Erin Murdoch, Capital; Professional Fees; Salary Expense; Blueprint Expense; Rent Expense; Automobile Expense; and Miscellaneous Expense. To the left of the amount entered in the accounts, place the appropriate letter to identify the transaction. 2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. 3. Prepare an unadjusted trial balance for Modern Architects as of January 31, 20Y4. 4. Determine the net income or net loss for January. PR 2-1A Entries into T accounts and trial balance Obj. 1, 2, 3, 4 3. Total of Debit column: Erin Murdoch, an architect, organized Modern Architects as a proprietorship on January 1. $114,600 20Y4. During the month, Modern Architects completed the following transactions: a. Erin Murdoch opened a bank account in the name of the business, $50,000. b. Paid January rent for office and workroom, $3,000. c. Purchased used automobile for $30,000, paying $7,500 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $9,500. e. Paid cash for supplies, $1,800. f. Paid cash for annual insurance policies, $3,600. 9. Received cash from client for plans delivered, $10,500. h. Paid cash for miscellaneous expenses, $1,500. 1. Paid cash to creditors on account, $5,000. 1. Paid installment due on note payable, $750. k. Received invoice for blueprint service, due in February, $5,500. 1. Recorded fees earned on plans delivered, payment to be received in February, 522,350 . m. Paid salary of assistants, $8,000. n. Paid gas, oil, and repairs on automobile for January, 5550 . Instructions 1. Record these transactions directly in the following T accounts, without joumalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Erin Murdoch, Capital; Professional Fees; Salary Expense; Blueprint Expense; Rent Expense; Automobile Expense; and Miscellaneous Expense. To the left of the amount entered in the accounts, place the appropriate letter to identify the transaction. 2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. 3. Prepare an unadjusted trial balance for Modern Architects as of January 31, 20Y4. 4. Determine the net income or net loss for January