Kimberly Manis, an architect, organized Manis Architects on January 1, 2016. During the month, Manis Architects completed the following transactions:

A.	Issued common stock to Kimberley Manis in exchange for $21,000.
B.	Paid January rent for office and workroom, $1,550.
C.	Purchased used automobile for $25,400, paying $5,500 cash and giving a note payable for the remainder.
D.	Purchased office and computer equipment on account, $4,900.
E.	Paid cash for supplies, $1,200.
F.	Paid cash for annual insurance policies, $3,200.
G.	Received cash from client for plans delivered, $13,700.
H.	Paid cash for miscellaneous expenses, $2,200.
I.	Paid cash to creditors on account, $4,600.
J.	Paid installment due on note payable, $600.
K.	Received invoice for blueprint service, due in February, $5,000.
L.	Recorded fees earned on plans delivered, payment to be received in February, $21,200.
M.	Paid salary of assistants, $3,500.
N.	Paid gas, oil, and repairs on automobile for January, $1,700.

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; Common Stock; 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 Manis Architects as of January 31, 2016.

4. Determine the net income or net loss for January.