Entries into T Accounts and Trial Balance

Entrses into T Accounts and Tral Balance Connie Young, an architect, opened an office on October 1, 2014. 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, $29,400 b. Pald October rent for office and workroom, $2,900. c. Purchased used automobile for $19,000, paying $4,400 cash and giving a note payable for the remainder d. Purchased office and computer equipment on account, $5,900, . Paid cash for supplies, $1,410 1. Pald cash for annual Insurance policies, $2,000 Received cash from client for plans delivered, 57.400 h. Paid cash for miscellaneous expenses, $790, 1. Paid cash to creditors on account, $1,710. 3. Paid $240 on note payable. k. Received invoice for blueprint service, doe in November, $1,000, Recorded fees earned on plans desvered, payment to be received in November, $5,100 m. Pald salary of assistants, $1,600 n. Paid gas, of, and repairs on automobile for October, 5300 Required: 1. Hecord the above transactions in chronological order directly into the accounts. the left of amount entered in the accodints, select the appropriate better to identity the transaction 2. Determine account balances of the accounts Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance Cash Bal. Accounts Receivable Supplies Prepaid Insurance Automobiles Automobiles Equipment Accounts Payable Bal. Notes Payable Bal. Connie Young, Capital Connie Young, Capital Professional Fees Ball Salary Expense