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Marjorie Knaus, an architect, organized Knaus Architects on January 1, 2014. During the month, Knaus Architects completed the following transactions: a. Issued common stock to

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Marjorie Knaus, an architect, organized Knaus Architects on January 1, 2014. During the month, Knaus Architects completed the following transactions: a. Issued common stock to Marjorie Knaus in exchange for $30,000. b. Pald January rent for office and workroom, $2,500 c. Purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $8,000. e. Paid cash for supplies, $2,100. f. Paid cash for annual insurance policies, $3,600. 9. Received cash from client for plans delivered, $9,000. h. Paid cash for miscellaneous expenses, $2,600. i. Paid cash to creditors on account, $4,000. 1. Pald installment due on note payable, $1,875. k. Received Invoice for blueprint service, due in February, $5,500. L. Recorded fees earned on plans delivered, payment to be received in February, $31,400. m. Paid salary of assistants, $6,000 n. Paid gas, oil, and repairs on automobile for January, $1,300. Required: 1. Record the above transactions in chronological order) 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 each amount entered in the accounts, select the appropriate letter to identify the transaction. 2. Determine account balances of the accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. 1. Record the above transactions (in chronological order) directly in the following 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 each 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 eBook Calculator Print item Prepaid Insurance Automobiles Equipment Notes Payable Bal. Accounts Payable Bal. Common Stock Previous Check My Work 0 eBook Calculator Print Item Professional Fees Bal. Salary Expense Blueprint Expense Rent Expense Automobile Expense Miscellaneous Expense Prenare in unadsusted trial balance for Kars Architects as of lanuary 31 20 list all accounts in the order of Accots Llabilities Stark holder Pr Check My Work

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