Brenda Jo Smith is an architect who operates her own business. The accounts and transactions for the business follow. Transactions a. Brenda Jo Smith invested $20,000 in cash to start the business. b. Paid $2,000 for advertisements in a design magazine. c. Purchased office furniture for $4,100 in cash. d. Performed services for $6,050 in cash. e. Paid $240 for the monthly telephone bill. f. Performed services for $1.680 on credit. g. Purchased a fax machine for $475; paid $75 in cash, with the balance due in 30 days. h. Paid a bill for $610 from the office cleaning service. 1. Received $1,660 from clients on account. j. Purchased additional office chairs for $605; received credit terms of 30 days. k. Paid $4,600 for salaries. I. Issued a check for $255 in partial payment of the amount owed for office chairs. m. Received $2.420 in cash for services performed. n. Issued a check for $520 for utilities expense. o. Performed services for $2,210 on credit. p. Collected $960 from clients on account. q. Brenda Jo Smith withdrew $2,560 in cash for personal expenses. r. Paid $660 to Copy Quick for photocopy work performed during the month. (Hint: Include office cleaning services and photocopy expenses under "Miscellaneous Expense".) Required: (1) Post the above transactions into the appropriate T accounts. (2) Determine the account balances. Prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet for Brenda Jo Smith, Architect. Analyze: Using the basic accounting equation, what is the financial condition of Brenda Jo Smith's business at month-end? Chec T Accounts Trial Balance Income Statement Stmt of Balance Sheet Owners Eqty Analyze Post the above transactions into the appropriate T accounts. (a) (c) Bal. Bal. Cash Office Furniture Accounts Payable (b) Bal. Bal. Accounts Receivable Office Equipment Brenda Jo Smith, Capital Check my work Bal. Bal Bal. Bal. Accounts Payable Brenda Jo Smith, Drawing Advertising Expense Salaries Expense Miscellaneous Expense Bal. Bal. Bal. Bal. Brenda Jo Smith, Capital Fees Income Utilities Expense Telephone Expense Bal. Bal. Bal. Advertising Expense Salaries Expense Miscellaneous Expense Bal. Bal. Bal. Utilities Expense Telephone Expense T Accounts Trial Balance >