Entries into T accounts and Trial Balance Connie Young, an architect, opened an office on October 1, 2074. 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. Pald 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. Paid 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. Pald 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 Taccounts 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 Taccounts. Accounts containing a single entry only (such as Prepaid Insurance) eBook 2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance do not need a balance. Cash a. 36,000 b. 2,400 c. X 3,600 X Bal. Accounts Receivable Supplies Prepaid Insurance Automobiles Equipment Accounts Payable Bal. Notes Payable Bal. Connie Young, Capital Professional Fees 1. X 18,300 X Bal. Salary Expense m. 6,450 Blueprint Expense k. 2,890 Rent Expense b. 2,400 Automobile Expense n. V n. 1,020 Miscellaneous Expense h. 815 3. Prepare an unadjusted trial balance for Connie Young, Architect, as of October 31, 2014. If an amount box require an entry, leave it blank. Connie Young, Architect Unadjusted Trial Balance October 31, 2014 Debit Credit Balances Balances 4. Determine the net income or net loss for October. Feedback Check My Work 4. Recall that Revenue - Expenses = Net Income (Loss). Feedback Check My Work Partially correct