Entries into T accounts and Trial Balance Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following transactions: Transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $30,400. Purchased used automobile for $20,000, paying $4,600 cash and giving a note payable for the remainder. Paid April rent for office and workroom, $3,000. Paid cash for supplies, $1,460. Purchased office and computer equipment on account, $6,100. Paid cash for annual insurance policies on automobile and equipment, $2,000. Received cash from a client for plans delivered, $7,600. Paid cash to creditors on account, $1,760. Paid cash for miscellaneous expenses, $375. Received invoice for blueprint service, due in May, $1,000. Recorded fees earned on plans delivered, payment to be received in May, $5,300. Paid salary of assistant, $1,600. Paid cash for miscellaneous expenses, $820. Paid installment due on note payable, $240. Paid gas, oil, and repairs on automobile for April, $400.

Required:

3. Prepare an unadjusted trial balance for Jones Architects as of April 30, 20Y2. List all accounts in the order of Assets, Liabilities, Stockholders equity, Revenues, and Expenses. If an amount box does not require an entry, leave it blank.

Jones Architects Unadjusted Trial Balance April 30, 20Y2

	Debit Balances	Credit Balances
Automobile ExpenseBlueprint ExpenseCommon StockCashMiscellaneous ExpenseProfessional FeesRent Expense	- Select -	- Select -
Accounts PayableAccounts ReceivableAutomobile ExpenseBlueprint ExpenseNotes PayableProfessional FeesSalary Expense	- Select -	- Select -
Automobile ExpenseBlueprint ExpenseCommon StockMiscellaneous ExpenseProfessional FeesRent ExpenseSupplies	- Select -	- Select -
Accounts PayableBlueprint ExpenseMiscellaneous ExpenseNotes PayablePrepaid InsuranceProfessional FeesSalary Expense	- Select -	- Select -
Accounts PayableAutomobilesAutomobile ExpenseBlueprint ExpenseMiscellaneous ExpenseNotes PayableRent Expense	- Select -	- Select -
Automobile ExpenseBlueprint ExpenseCommon StockEquipmentMiscellaneous ExpenseNotes PayableProfessional Fees	- Select -	- Select -
Accounts ReceivableBlueprint ExpenseCashCommon StockNotes PayableProfessional FeesSalary Expense	- Select -	- Select -
Accounts PayableAccounts ReceivableCashCommon StockEquipmentProfessional FeesRent Expense	- Select -	- Select -
Accounts ReceivableBlueprint ExpenseCommon StockMiscellaneous ExpensePrepaid InsuranceProfessional FeesSalary Expense	- Select -	- Select -
Accounts PayableAutomobilesAutomobile ExpenseCashCommon StockNotes PayableProfessional Fees	- Select -	- Select -
Accounts ReceivableAutomobilesCommon StockEquipmentNotes PayableRent ExpenseSupplies	- Select -	- Select -
Accounts PayableAutomobilesCashPrepaid InsuranceProfessional FeesSalary ExpenseSupplies	- Select -	- Select -
Accounts PayableAutomobilesBlueprint ExpenseCashNotes PayableSupplies	- Select -	- Select -
Automobile ExpenseAutomobilesCashCommon StockNotes PayablePrepaid InsuranceProfessional Fees	- Select -	- Select -
Accounts ReceivableAutomobilesCommon StockCashEquipmentMiscellaneous ExpenseSupplies	- Select -	- Select -
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Determine the net income or net loss for April.