an office on April 1, 2006. During the month, PROBLEM 2-1A Shaun Wilcox, an architect, opened he completed the following transactions connected with his professional practice: Entries into T accounts and trial balance Transferred cash from a personal bank account to business, $17,500 b. Purchased used automobile for $15,300, paying $4,000 cash and giving a note payable for the remainder. c. Paid April rent for office and workroom, $2,200. d. Paid cash for supplies, $660. e. Purchased office and computer equipment f. Paid cash for annual insurance policies on automobile and equipment, $1,200 g. Received cash from a client for plans delivered, $3,725 h. Paid cash to creditors on account, $1,800. i. Paid cash for miscellaneous expenses, $235. Received invoice for blueprint service, due in May, $650 to be used for the t a. an accoun Objectives 2, 3, 4, 5 3. Total of Debit Column: $39,875 on account, $5,200 plans delivered, payment to be received in May, $3,500 k. Recorded fee eamed on Paid salary of assistant, $1,300 m. Paid cash for miscellaneous expenses, $105 n. Paid installment due on note payable, $200. o. Paid gas, oil, and repairs on automobile for April, $115 Instructions 1. Record the foregoing transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automo- biles; Equipment; Notes Payable; Accounts Payable; Shaun Wilcox, Capital; Pro- fessional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the ac counts, place the appropriate letter to identify the transaction. 2. Determine the balances of the T accounts having two or more debits or credits A memorandum balance should be inserted in accounts having both debits and credits, in the manner illustrated in the chapter. For accounts with entries on one side only (such as Professional Fees), there is no need to insert the memoran dum balance in the item column. For accounts containing only a single debit and a single credit (such as Notes Payable), the memorandum balance should be in serted in the appropriate item column. Accounts containing a single entry only (such as Prepaid Insurance) do not need a memorandum balance. 3. Prepare a trial balance for Shaun Wilcox, Architect, as of April 30, 2006