chapter 2

Fentries into T Accounts and Trial Balanco Connie Young, an architect, opened an othce an October 1, 2019. During the month, she completed the following transactions connectind weh her proftssianal practices. a. Transtented cash from a personal bank account to an accoung to be used for tho business, $28.600. b. Paid Octeber rent for office and workreom, $2,500. c. Purchased used automobile for $19,000, paying $4,300 cash and giving a note parvabie for the remainder. d. Parchased affice and computer equibenent on account, $5,800. e. Paid cash for supplies, $1,380. t. Paid cash for annubl insurance policies, $1,900. 9. Recelved cath from dient for plans delivered, $7,200. h. Paid coun for miscellaneous expenses, $790. 4. Paid cash to creditors on account, $1,670. 1. Paid $230 on nece payable. k. Recelved invoice for blopprint service, due in November; $1,000. 1. Recorded foes earned-en plans delivered, payment to be texeived in Novermber, $5,600; m. Paid salary of asistasts, $1,500. in. haid gas, oll, and repairs on automobile for october, $370. Requiredt: isentity the transaction. 2. Determine account balances of the T atceunts. Accounts containiog a single entry anly (sucti as Prepaid Inaurance) de not need a balance Eal Accounts Recelvable Supplies Prepaid Insurance Automobiles Equipment Accounts Payable Notes Payable Connie Young, Capital Protessional Fees Salary Expense Chedk My Whik 3 mote Check My Work uses remaining Next 3. Prepare an unadjusted trial balance for Connie Young. Architect, as of October 31,2019. For those boxes in which no entry is required, leave th 4. Determine the net income or net loss for October