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Marjorie Koavs, an architect, organized Koavs Architects on January 1, 2018. During the month, Koavs Architects completed the following transactions: A. Issued common stock to

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Marjorie Koavs, an architect, organized Koavs Architects on January 1, 2018. During the month, Koavs Architects completed the following transactions: A. Issued common stock to Marjorie Knaus in exchange for $22,000 Paid January rent for office and workroom, $1,650. Purchased used automobile for $26,000, paying $4,800 cash and giving a note C. payable for the remainder. Purchased office and computer equipment on account, $5,600 Paid cash for supplies, S1,250 Paid cash for annual insurance policies, $3,000. Received cash from client for plans delivered, $13,450. Paid cash for miscellaneous expenses, $2,300 Paid cash to creditors on account, $3,800 Paid installment due on note payable, $700 Received invoice for blueprint service, due in February, $4,000 Recorded fees eamed on plans delivered, payment to be roccived in Fcbruary, D. $20,600 Paid salary of assistants, $3,500. Paid gas, oil, and repairs on automobile for January, $1,300. M. N. Required: 1 Recond these transactions directly in the following Tacconts, withou journalizing: Cash: Accounts Receivable; Supplies; Prepaid Insarance tomobiles: Equipment; Notes Payable; Accounts Payable: Common Stock Professional Fees: Salary Expense; Blueprint Expense: Rent Expense; Automobile Expense: Miscellaneoss Expense. To the left of the amount entered in the accomts, select the appropriate Jetter to identity the transaction. 2Determine account balances of the T accounts. Accounts coniaining a single eniry only (such as Prepaid Insurance) do not need a balance 3 Prepare an wnadjusted trial balance for Knans Architects as of January 31, 2018 4Determine the net income or net loss for January T Accounts 1. Record these transactions directly in the following T accounts, without jourmalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable Accounts Payable; Common Stock; Professional Fees; Salary Expense; Blueprint Expense; Rent

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