4.) determine the net income or net loss for october

Entries into accounts and Trial Balance Connie Young, an architect, opened an office on October 1, 2014. 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, $36,000. b. Paid October rent for office and workroom, $2,400 c. Purchased used automobile for $32,800, paying $7,800 cash and giving a note payable for the remainder d. Purchased office and computer equipment on account, $9,000 e. Pald cash for supplies, $2,150. 1. Pald cash for annual Insurance policies, $4,000 9. Received cash from client for plans delivered, 512,200 h. Pald cash for miscellaneous expenses, $815 1. Pald cash to creditors on account, 54,500 3. Pald $5,000 on note payable. k Received Invoice for blueprint service, due in November, $2,890. 1. Recorded fees earned on plans delivered, payment to be received in November, $15,300 m. Pald salary of assistants, $6,450 n. Pald gas, oll, and repairs on automobile for October, $1,020, Required: 1. Record the above transactions in chronological order) directly in the following accounts without journalizing: Cash Accounts Receivable; Supplies: Prepaid Insurance, Automobiles Equipment; Accounts Payable; Notes Payable; Connie Young, Capital Professional Fees: Salary Expense; Blueprint Expense; Rent Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, select the appropriate letter to identify the transaction 2. Determine account balances of the Taccounts, Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance Cash