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Entries into T accounts and Trial Balance Marjorie Knaus, an architect, organized Knaus Architects on January 1, 2014. During the month, Knaus Architects completed a.

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Entries into T accounts and Trial Balance Marjorie Knaus, an architect, organized Knaus Architects on January 1, 2014. During the month, Knaus Architects completed 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, $2,100. f. Paid cash for annual insurance policies, $3,600. g. Received cash from client for plans delivered, $9,000. h. Paid cash for miscellaneous expenses, $2,600. 1. Paid cash to creditors on account, $4,000. 3. Paid installment due on note payable, $1,875, k. Received invoice for blueprint service, due in February, $5,500. 1. Recorded fees earned on plans delivered, payment to be received 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 transactions (in chronological order) directly in the following Taccounts, without journalizing: Cash, Accou Payable, Common Stock, Professional Fees, Salary Expense, Blueprint Expense, Rent Expense, Automobile Expense. Miscellaneo Identify the transaction. 2. Determine account balances of the Taccounts. Accounts containing a single entry only (such as Prepaid Insurance) do not ne Cash Check My Work 2. Determine account balances of the T accounts, Accounts containing a single entry only (such as Prepaid Insurar Cash Bal. Accounts Receivable Supplies Prepaid Insurance Automobiles Check My Work Automobiles Equipment Notes Payable Bal. Accounts Payable Bal Common Stock Professional Fees Bal. Salaru Fynense Check My Work ebook Professional Fees Bal. Salary Expense Blueprint Expense Rent Expense Automobile Expense Miscellaneous Expense 3. Prepare an unadjusted a balance for a Archects at of January 31, 2014 List account in the order of Art bites leave it blank Knaus Architects Unadjusted Trial Balance Check My Work Unadjusted that Dalanceror Knaus Architects Danbaly 17 2014 leave it blank. Knaus Architects Unadjusted Trial Balance January 31, 2014 Debit Balances Credit Balances 4. Determine the net income or net loss for January Check My Work

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