Entries into T accounts and Trial Balance Margene Knaus, an architect, organized Knaus Architects on January 1, 20Y4, Ouring the month, Knaus Architects completed the following transactions: a. Issued common stock to Marjorie Knaus in exchange for $30,000. b. Paid January rent for office and workroom, $2,500. c. Purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder: d. Purchased office and computer equipment on account, $8,000. e. Paid cash for supplies, 52,100 . f. Paid cash for annuat insurance policies, 53,600 . 9. Recerved cash from client for plans detivered, 59,000 . h. Paid cash for miscellaneous expenses, $2,600. 1. Paid cash to creditors on account, $4,000. 1. Paid installment due on note payable, $1,875. k. Received invoice for bluepnot service, due in rebruary, $5,500. 1. Recorded fees earned on plans delivered, payment to be recewed in February, $31,400. m. Paid salary of assistants, $6,000 n. Paid gas, oil, and repairs on automobile for January, $1,300 Required: 1. Record the above transocbons (in chronological arder) directh in the followiro T accounts, without foumallerig: Cash, Accounts Recervable, Supples, Frepaid Insurances, Automobiles, Equipment, Notes Payable, Accounts Payable, Common Stock, Professional Fees, 5 alary Expense, olueprint Expense, Rent Expense, Autornotiln Expenile. Mricellaneous Expense to the feft of esch amount entered in the bccounts, select the approphate letter to identify the transaction 2. Determane account balances of the T accounss. Accoints containieg a sngle entry onily (such as fliepoid thsurance) do not ineed o balance: 1. Record the above transactions (in chronological order) directly in the following I accounts, without journalung: 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 lester to identify the transaction. 2. Determine account bolances of the T accounts. Accounts containing a single entry only (such as Prepasd Insurance) do not need a balance. Accounts Receivable Supplies Prepaid Insurance Automobiles Equipment Notes Payable Notes Payable Accounts Payable Common Stock Professional Fees Bal. Salary Expense Blueprint Expense Rent Expense Automobile Expense Miscellaneous Expense 3. Prepare an unadjusted trial balance for Knaus Architects as of January 31, 20Y4, List all accounts in the order of Assets, Liabilities, 5tockholders' equity, Revenues, and Expenses. If an amount box does not require an entry, leave it blank. 4. Determine the net income or net loss for January