Connie Young, an architect, opened an office on October 1, 20Y4. During the month, she completed the following transactions connected with her professional practice: Transferred cash from a personal bank account to an account to be used for the business, $42,200. Paid October rent for office and workroom, $4,200. Purchased used automobile for $27,000, paying $6,300 cash and giving a note payable for the remainder. Purchased office and computer equipment on account, $8,400. Paid cash for supplies, $2,030. Paid cash for annual insurance policies, $2,800. Received cash from client for plans delivered, $10,600. Paid cash for miscellaneous expenses, $1,140. Paid cash to creditors on account, $2,450. Paid $340 on note payable. Received invoice for blueprint service, due in November, $1,400. Recorded fees earned on plans delivered, payment to be received in November, $7,300. Paid salary of assistants, $2,200. Paid gas, oil, and repairs on automobile for October, $550. 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.