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, $36,000. b. Paid October rent for office and workroom, $2,400. c. Purchased used automobile for $32,800, paying $7,800 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $9,000. e. Paid cash for supplies, $2,150. f. Paid cash for annual insurance policies, $4,000. g. Received cash from client for plans delivered, $12,200. h. Paid cash for miscellaneous expenses, $815. 1. Paid cash to creditors on account, $4,500. 1. Paid $5,000 on note payable. k. Received invoice for blueprint service, due in November, $2,890. 1. Recorded fees earned on plans delivered, payment to be received in November, $18,300. m. Paid salary of assistants, $6,450. n. Paid gas, oil, and repairs on automobile for October, $1,020. Required: 1. Record the above transactions (in chronological order) directly in the following T accounts without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Accounts Payable; Notes Payable; Connie Young, Capital; Professional Fees; Salary Expense; Blueprint Expense; Rent Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, select the appropriate letter to identify the transaction. 2,890 Rent Expense 2,400 Automobile Expense Miscellaneous Expense Cash Accounts Receivable Supplies Prepaid Insurance Automobiles Equipment Accounts Payable Notes Payable Connie Young, Capital Professional Fees Salary Expense Blueprint Expense Rent Expense Automobile Expense Miscellaneous Expense Debit Credit Balances Balances Check My Work 3. The trial balance lists the ending balance of each account in a corresponding Debit or Credit column. The trial balance column totals should be equal. 4. Determine the net income or net loss for October. Net income Feedback 17,611 X Check My Work 4. Recall that Revenue Expenses = Net Income (Loss). Feedback