Fotsies into T accounts and That Halance Marlorie Knaus, an architect, orgarized Wnaus Architects in January 1, 20x4; Ouring the monkh, Knaus Architects completed the following transactions: a. Issued common stodk to Marjorie Knaus in exchange for $30,000 b. Pald January rent for office and wotktoom, $2,500. c. Durchased tsed wotemobile fer $216,500, paying $6,000 cash and giving a note payable for the remainder. d. Purchased ofilice and combuter equiposent en account, $8,000. e. Paid cash for sypgEes, 52,100. 1. Paid cash for annual insurance policies, $3,600. 9. Received cash from diven for plans delivered, 59,000. h. Paid cash for miscelianeous expenses, $2,600 1. Paid cash to creditoes on account, 54,000 . 1. Paid intallment doo on note payable, $1,875. k. Received iowoice for blueprint service, doo in February, $5,500. 1. Recorded fees earned on plans delivered, parment to be received in february, $31,400. m. Paid salary of assistants, $6.000 n. Paid gas, od, and rebairs on avenchtide for January, $1,100. Required: in ideceify the banaction: 4. Determine the net inconie or net loss for January. 1. Record the above transactions (in chronological order) directly in the following T accounts; without journalizing: Cash, Accounts freceivable, Supplies, Prepaid Insurance, Automobles, Equipment, Notes Pavable, Accounts Parable, Common Stock, Professionat Fees, Salary Expense, Blueprint Expense, ficnt Expense, Automobile Expense, Miscolianeous Expense, To thin left of each amount entered in the accounts, select the appropilate fetter to identify the transaction 2. Determine account balances of the T accosints, Accounts containing a single entry conly (such as Prepaid Insurance) do not need a balance. equity, Revenues, and Expences. If an amount box does not require an entry, lexwe it blans. Fotsies into T accounts and That Halance Marlorie Knaus, an architect, orgarized Wnaus Architects in January 1, 20x4; Ouring the monkh, Knaus Architects completed the following transactions: a. Issued common stodk to Marjorie Knaus in exchange for $30,000 b. Pald January rent for office and wotktoom, $2,500. c. Durchased tsed wotemobile fer $216,500, paying $6,000 cash and giving a note payable for the remainder. d. Purchased ofilice and combuter equiposent en account, $8,000. e. Paid cash for sypgEes, 52,100. 1. Paid cash for annual insurance policies, $3,600. 9. Received cash from diven for plans delivered, 59,000. h. Paid cash for miscelianeous expenses, $2,600 1. Paid cash to creditoes on account, 54,000 . 1. Paid intallment doo on note payable, $1,875. k. Received iowoice for blueprint service, doo in February, $5,500. 1. Recorded fees earned on plans delivered, parment to be received in february, $31,400. m. Paid salary of assistants, $6.000 n. Paid gas, od, and rebairs on avenchtide for January, $1,100. Required: in ideceify the banaction: 4. Determine the net inconie or net loss for January. 1. Record the above transactions (in chronological order) directly in the following T accounts; without journalizing: Cash, Accounts freceivable, Supplies, Prepaid Insurance, Automobles, Equipment, Notes Pavable, Accounts Parable, Common Stock, Professionat Fees, Salary Expense, Blueprint Expense, ficnt Expense, Automobile Expense, Miscolianeous Expense, To thin left of each amount entered in the accounts, select the appropilate fetter to identify the transaction 2. Determine account balances of the T accosints, Accounts containing a single entry conly (such as Prepaid Insurance) do not need a balance. equity, Revenues, and Expences. If an amount box does not require an entry, lexwe it blans
