Chapter 2 HW # 1 Assignment eBook Entries into T 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, $38,100. b. Paid October rent for office and workroom, $3,800. c. Purchased used automobile for $25,000, paying $5,700 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $7,600. e. Paid cash for supplies, $1,830. f. Paid cash for annual insurance policies, $2,600. g. Received cash from client for plans delivered, $9,500. h. Paid cash for miscellaneous expenses, $1,030. i. Paid cash to creditors on account, $2,210. j. Paid $300 on note payable. k. Received invoice for blueprint service, due in November, $1,300. 1. Recorded fees earned on plans delivered, payment to be received in November, $6,600. m. Paid salary of assistants, $2,000. n. Paid gas, oil, and repairs on automobile for October, $500. Required: 1. Record the above transactions (in chronological order) directly into the T accounts. To the left 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. Cash 38,100 3,800 9,500 . 5,700 CH 1,830 2,600 he 1,030 1. 6,600 200 2,000 500 sini pter Bal. Accounts Receivable Supplies Prepaid Insurance Automobiles Equipment Accounts Payable Ba My Work eBook er 2 HW # 1 Assignment Notes Payable Bal. Connie Young, Capital Professional Fees Bal. Salary Expense Blueprint Expense Rent Expense, Automobile Expense Check My Wark more Check My Workusma remainine Miscellaneous Expense 3. Prepare an unadjusted trial balance for Connie Young, Architect, as of October 31, 2014. For those boxes in which no entry is required, leave the box blank. Connie Young. Architect Unadjusted Trial Balance October 31 2014 Debit Credit Balances Balances Cash 4. Determine the net income or net loss for October Check My work more Check live work uses remaining All work saved 4. Determine the net income or net loss for October