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Entries into T accounts and trial balance Erin Murdoch, an architect, organized Modern Architects on January 1 , 2 0 Y 4 . During the
Entries into T accounts and trial balance
Erin Murdoch, an architect, organized Modern Architects on January Y During the month, Modern Architects completed the following transactions:
a Issued common stock to Erin Murdoch in exchange for $
b Paid January rent for office and workroom, $
c Purchased used automobile for $ paying $ cash and giving a note payable for the remainder.
d Purchased office and computer equipment on account, $
e Paid cash for supplies, $
f Paid cash for annual insurance policies, $
g Received cash from client for plans delivered, $
h Paid cash for miscellaneous expenses, $
i Paid cash to creditors on account, $
j Paid installment due on note payable, $
k Received invoice for blueprint service, due in February, $
Recorded fees earned on plans delivered, payment to be received in February, $
m Paid salary of assistants, $
n Paid gas, oil, and repairs on automobile for January, $
Required:
Record the above transactions in chronological order directly in the following accounts, without journalizing: Cash, Accounts Receivable, Supplies, Prepaid Insurance,
Automobiles, Equipment, Notes Payable, Accounts Payable, Common Stock, 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.
Determine account balances of the accounts. Accounts containing a single entry only such as Prepaid Insurance do not need a balance.
Cash Determine account balances of the I accounts. Accounts containing a single entry only such as Prepard Inurance do not need a balance.
Cash
Accounts Receivable
Prebaid Insurance Notes Payable
Accounts Payable Professional Fees
Salary Expense
Blueprint ExpenseMiscellaneous Expense
Prepare an unadjusted trial balance for Modern Architects as of January Y List all accounts in the order of Assets, Liabilities, Stockholders' equity, Revenue
Expenses. If an amount box does not require an entry, leave it blank.
Modern Architects
Unadjusted Trial Balance
January Y
Account Debit Balances Credit Balances
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