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Instructions 1. Record the above transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable, Supplies; Prepaid Insurance, Automobiles; Equipment; Notes Payable; Accounts

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Instructions 1. Record the above transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable, Supplies; Prepaid Insurance, Automobiles; Equipment; Notes Payable; Accounts Payable; Lynn Cantwell, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of the amount entered in the accounts, place 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. 3. Prepare an unadjusted trial balance for Lynn Cantwell, Architect, as of July 31, 2014. 4. Determine the net income or net loss for July

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