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:

1. Transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $45,100.
2. Purchased used automobile for $29,000, paying $6,800 cash and giving a note payable for the remainder.
3. Paid April rent for office and workroom, $4,500.
4. Paid cash for supplies, $2,160.
5. Purchased office and computer equipment on account, $9,000.
6. Paid cash for annual insurance policies on automobile and equipment, $3,000.
7. Received cash from a client for plans delivered, $11,300.
8. Paid cash to creditors on account, $2,620.
9. Paid cash for miscellaneous expenses, $375.
10. Received invoice for blueprint service, due in May, $1,500.
11. Recorded fees earned on plans delivered, payment to be received in May, $7,800.
12. Paid salary of assistant, $2,400.
13. Paid cash for miscellaneous expenses, $1,220.
14. Paid installment due on note payable, $360.
15. Paid gas, oil, and repairs on automobile for April, $590.

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, Notes Payable, Accounts Payable, Common Stock, Professional Fees, Rent Expense, Salary Expense, Blueprint 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.

Cash
a.	fill in the blank c31c3cfea06e00b_2		fill in the blank c31c3cfea06e00b_4
	fill in the blank c31c3cfea06e00b_6		fill in the blank c31c3cfea06e00b_8
			fill in the blank c31c3cfea06e00b_10
			fill in the blank c31c3cfea06e00b_12
			fill in the blank c31c3cfea06e00b_14
			fill in the blank c31c3cfea06e00b_16
			fill in the blank c31c3cfea06e00b_18
			fill in the blank c31c3cfea06e00b_20
			fill in the blank c31c3cfea06e00b_22
			fill in the blank c31c3cfea06e00b_24
Bal.	fill in the blank c31c3cfea06e00b_25

Accounts Receivable
	fill in the blank c31c3cfea06e00b_27

Supplies
	fill in the blank c31c3cfea06e00b_29

Prepaid Insurance
	fill in the blank c31c3cfea06e00b_31

Automobiles
	fill in the blank c31c3cfea06e00b_33

Equipment
	fill in the blank c31c3cfea06e00b_35

Notes Payable
	fill in the blank c31c3cfea06e00b_37		fill in the blank c31c3cfea06e00b_39
		Bal.	fill in the blank c31c3cfea06e00b_40

Accounts Payable
	fill in the blank c31c3cfea06e00b_42		fill in the blank c31c3cfea06e00b_44
			fill in the blank c31c3cfea06e00b_46
		Bal.	fill in the blank c31c3cfea06e00b_47

Common Stock
			fill in the blank c31c3cfea06e00b_49

Professional Fees
			fill in the blank c31c3cfea06e00b_51
			fill in the blank c31c3cfea06e00b_53
		Bal.	fill in the blank c31c3cfea06e00b_54

Rent Expense
	fill in the blank c31c3cfea06e00b_56

Salary Expense
	fill in the blank c31c3cfea06e00b_58

Blueprint Expense
	fill in the blank c31c3cfea06e00b_60

Automobile Expense
	fill in the blank c31c3cfea06e00b_62

Miscellaneous Expense
	fill in the blank c31c3cfea06e00b_64
	fill in the blank c31c3cfea06e00b_66
Bal.	fill in the blank c31c3cfea06e00b_67

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
	fill in the blank 8669bbf6203204d_2	fill in the blank 8669bbf6203204d_3
	fill in the blank 8669bbf6203204d_5	fill in the blank 8669bbf6203204d_6
	fill in the blank 8669bbf6203204d_8	fill in the blank 8669bbf6203204d_9
	fill in the blank 8669bbf6203204d_11	fill in the blank 8669bbf6203204d_12
	fill in the blank 8669bbf6203204d_14	fill in the blank 8669bbf6203204d_15
	fill in the blank 8669bbf6203204d_17	fill in the blank 8669bbf6203204d_18
	fill in the blank 8669bbf6203204d_20	fill in the blank 8669bbf6203204d_21
	fill in the blank 8669bbf6203204d_23	fill in the blank 8669bbf6203204d_24
	fill in the blank 8669bbf6203204d_26	fill in the blank 8669bbf6203204d_27
	fill in the blank 8669bbf6203204d_29	fill in the blank 8669bbf6203204d_30
	fill in the blank 8669bbf6203204d_32	fill in the blank 8669bbf6203204d_33
	fill in the blank 8669bbf6203204d_35	fill in the blank 8669bbf6203204d_36
	fill in the blank 8669bbf6203204d_38	fill in the blank 8669bbf6203204d_39
	fill in the blank 8669bbf6203204d_41	fill in the blank 8669bbf6203204d_42
	fill in the blank 8669bbf6203204d_44	fill in the blank 8669bbf6203204d_45
	fill in the blank 8669bbf6203204d_46	fill in the blank 8669bbf6203204d_47

4. Determine the net income or net loss for April.