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Connie Young, an architect, opened an office on October 1, 2019. During the month, she completed the following transactions connected with her professional practice: 1.
Connie Young, an architect, opened an office on October 1, 2019. During the month, she completed the following transactions connected with her professional practice: 1. Transferred cash from a personal bank account to an account to be used for the business, $36,000. 2. Paid October rent for office and workroom, $2,400. . Purchased used automobile for $32,800, paying $7,800 cash and giving a note payable for the remainder. Purchased office and computer equipment on account, $9,000. Paid cash for supplies, $2,150. Paid cash for annual insurance policies, $4,000. Received cash from client for plans delivered, $12,200. Paid cash for miscellaneous expenses, $815. 9. Paid cash to creditors on account, $4, 500. 10. Paid $5, 000 on note payable. 1 1.Received Invoice for blueprint service, due in November, $2,890. 12.Recorded fees earned on plans delivered, payment to be received in November, $18,300. 13.Paid salary of assistants, $6,450. 14.Paid gas, oil, and repairs on automobile for October, $1,020. DJ 90:45:05\
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