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Entries into T Accounts and Tral Balance Connie Young, an architect, opened an office on October 1, 2014. During the month, she completed the following transactions connected with her professional practice: a. Transferred cash from a personal bank account to an account to be used for the business, $46,000. b. Paid October rent for office and workroom, $4,600. c. Purchased used automobile for $30,000, paying $6,900 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $9,200. e. Paid cash for supplies, $2,210. f. Paid cash for annual Insurance policies, $3,100. g. Received cash from client for plans delivered, $11,500. h. Pald cash for miscellaneous expenses, $1,250. 1. Pald cash to creditors on account, $2,670. 1. Paid $370 on note payable. k. Received invoice for blueprint service, due in November, $1,500. 1. Recorded fees earned on plans delivered payment to be received in November, $8,000. m. Paid salary of assistants, $2,400. n. Paid gas, oil, and repairs on automobile for October, $600. Required: 1. Record the above transactions (in chronological order) directly into the accounts. To the left of the amount entered in the accounts, select the appropriate letter to identify the transaction. 2. Determine account balances of the Taccounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. Cash Cash a. b. g. 46,000 11,500 C. e. f. 4,600 6,900 2,210 3,100 1,250 2,670 h. i. 3. 370 m. 2,400 n. 600 Bal. Accounts Receivable Accounts Receivable Supplies Prepaid Insurance Automobiles Equipment Accounts Payable Accounts Payable Bal. Notes Payale Bal. Connie Young, Capital Professional Fees Bal. can Salary Expense Blueprint Expense Rent Expense Automobile Expense Miscellaneous Expense 3. Prepare an unadjusted trial balance for Connie Young, Architect, as of October 31, 2014. For those boxes leave the box blank Connie Young, Architect Unadjusted Trial Balance October 31, 2014 Debit Credit Balances Balances ws lllllllllll 1111111111111 llllll 110111 4. Determine the net income or net loss for October