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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, $67,500. b. Paid October rent for office and workroom, $6,800. c. Purchased used automobile for $44,000, paying $10,100 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $13,500. e. Paid cash for supplies, $3,240.. f. Paid cash for annual insurance policies, $4,500. g. Received cash from client for plans delivered, $16,900. h. Paid cash for miscellaneous expenses, $1,820, i. Paid cash to creditors on account, $3,920. J. Paid $540 on note payable. k. Received invoice for blueprint service, due in November, $2,200. 1. Recorded fees earned on plans delivered, payment to be received in November, $11,700. m. Paid salary of assistants, $3,600. n. Paid gas, oil, and repairs on automobile for October, $880. 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 them appropriate letter to identify the transaction. 2. Dtermine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. Cash Bensinst

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