Kimberly Manis, an architect, opened an office on January 1, 2016. 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, $22,000.
b.	Paid January rent for office and workroom, $1,650.
c.	Purchased used automobile for $26,000, paying $4,800 cash and giving a note payable for the remainder.
d.	Purchased office and computer equipment on account, $5,600.
e.	Paid cash for supplies, $1,250.
f.	Paid cash for annual insurance policies, $3,000.
g.	Received cash from client for plans delivered, $13,450.
h.	Paid cash for miscellaneous expenses, $2,300.
i.	Paid cash to creditors on account, $3,800.
j.	Paid installment due on note payable, $700.
k.	Received invoice for blueprint service, due in February, $4,000.
l.	Recorded fees earned on plans delivered, payment to be received in February, $20,600.
m.	Paid salary of assistants, $3,500.
n.	Paid gas, oil, and repairs on automobile for January, $1,300.

Required:

1.

Record these transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Kimberly Manis, Capital; Professional Fees; Salary Expense; Blueprint Expense; Rent Expense; Automobile Expense; Miscellaneous Expense. To the left of the amount entered in the accounts, select 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 Kimberly Manis, Architect, as of January 31, 2016.

4.

Determine the net income or net loss for January.

1. Record these transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Kimberly Manis, Capital; Professional Fees; Salary Expense; Blueprint Expense; Rent Expense; Automobile Expense; Miscellaneous Expense. To the left of the amount entered in the accounts, select 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.

Cash
Bal.

Accounts Receivable

Supplies

Prepaid Insurance

Automobiles

Equipment

Notes Payable
		Bal.

Accounts Payable
		Bal.

Kimberly Manis, Capital

Professional Fees
		Bal.

Salary Expense

Blueprint Expense

Rent Expense

Automobile Expense

Miscellaneous Expense

3. Prepare an unadjusted trial balance for Kimberly Manis, Architect, as of January 31, 2016.

Kimberley Manis, Architect

UNADJUSTED TRIAL BALANCE

January 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash
2	Accounts Receivable
3	Supplies
4	Prepaid Insurance
5	Automobiles
6	Equipment
7	Notes Payable
8	Accounts Payable
9	Kimberly Manis, Capital
10	Professional Fees
11	Salary Expense
12	Blueprint Expense
13	Rent Expense
14	Automobile Expense
15	Miscellaneous Expense
16	Totals		4. Determine the net income or net loss for January.