Entries into accounts and Trial Balance Connie Young, an architect, opened an office on October 1, 2019. 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. Pald cash for supplies, $2,150. f. Paid cash for annual insurance policies, $4,000. 9. Received cash from client for plans delivered, $12,200. h. Pald cash for miscellaneous expenses, $815. 1. Paid cash to creditors on account, $4,500. J. 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. Pald 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. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. Cash 33,900 xb. 2,400 8,500 x 5,100 x 1,630 x 2,300 X le. V f. h. v i. 910 x 1,970 X 270 x 1,800 x 440 x m. In. V Bal. 33,340 x Accounts Receivable 5,900 x Supplies 1,630 Prepaid Insurance 2,300 Automobiles 22,000 x Equipment d. 6,800 x i. Accounts Payable 1,970 xd. k. / 6,800 x 1,100 x Bal. 5,930 x Notes Payable 270 xc. 16,900 x 16,630 x Bal. Connie Young, Capital 33,900 x Professional Fees Bal. Salary Expense Blueprint Expense Rent Expense Automobile Expense Miscellaneous Expense 3. Prepare an unadjusted trial balance for Connie Young, Architect, as of October 31, 2019. If an amount box does not require an entry, leave it blank. Connie Young, Architect Unadjusted Trial Balance October 31, 2019 Debit Credit Balances Balances Cash 24,580 X Feedback Check My Work 3. The trial balance lists the ending balance of each account in a corresponding Debitor Credit column. The trial balance column totals should be equal 4. Determine the net income or net loss for October Net income 6,750 X Feedback Check My Work 4. Recall that Revenue - Expenses Net Income (Loss), Feedback Check My Work Partially correct