Accounts Receivable Supplies Prepaid Insurance Automobiles Equipment Accounts Payable Notes Payable 4. Determine the net income or net loss for October. Entries into T Accounts and Trial Balance Connie Young, an architect, opened an office on October 1, 20Y4, During the month, she completed the following transactions connected with het professional practice: a. Transferred cash from a personal bank account to an account to be used for the business, $43,800. b. Paid October rent for office and workroom, $4,400. c. Purchased used automobile for $28,000, paying $6,600 cash and oiving a note payable for the remainder. d. Purchased office and computer equipment on account, $8,800. e. Paid cash for supplies, $2,100. f. Paid cash for annual insurance policies, $2,900. 0. Received cash from client for plans delivered, $11,000. h. Pald cash for miscellaneous expenses, $1,180. i. Paid cash to creditors on account, $2,540. 1. Paid $350 on note payable. k. Received invoice for blueprint service, due in November, $1,400. 1. Recorded fees earned on plans delivered, payment to be recaived in November, $7,600. m. Paid salary of assistants, $2,300. n. Paid gas, oil, and repairs on automobile for October, $570. Required: 1. Record the above transactions (in chronologicat order) directly into the T accounts. To the teft of the amount entered in the accounts, select 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. Connie Young, Capital Professional Fees Salary Expense Blueprint Expense Rent Expense 3. Prepare an unadjusted trial balance for Connie Young, Architect, as of october 31, 20Y4. For those boxes in which no entry bs required, leave the box blank