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Entries into T accounts and Trial Balance Connie Young, an architect, opened an office on October 1, 2019. During the month, she completed the following

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Entries into T 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 pavable for the remaind d. Purchased office and computer equipment on account, $9,000. e. Paid cash for supplies, $2,150. f. Pald cash for annual insurance policies, $4,000. g. Received cash from client for plans delivered, $12,200. h. Paid cash for miscellaneous expenses, $815. i. Paid cash to creditors on account, $4,500. 1. Paid $5,000 on ncke 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. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. 2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. Cash Accounts Receivable Supplies Supplies Prepaid Insurance Automobiles Equipment Accounts Payable Notes Payable Bal. Connie Young, Capital Professional Fees Salary Expense Blueprint Expense 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 4. Determine the net income or net loss for October $

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