PR 2-1A Entries Into T accounts and trial balance OBJ. 1,2,3,4 Connie Young, an architect, opened an office on October 1, 2014. 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 busi- ness, $36,000. b. Paid October rent for office and workroom, $2,400. c. Purchased used automobile for $32,800, paying $7,800 cash and giving a note payable for the remainder. d. Purchased office and computer equipment on account, $9,000. e. Paid cash for supplies, $2,150. f. Paid cash for annual insurance policies, $4,000. g. Received cash from client for plans delivered, $12,200. h. Paid cash for miscellaneous expenses, $815. i. Paid cash to creditors on account, $4,500. j. Paid $5,000 on note payable. k. Received invoice for blueprint service, due in November, $2,890. 1. Recorded fees earned on plans delivered, payment to be received in November, $18,300. m. Paid salary of assistants, $6,450. n. Paid gas, oil, and repairs on automobile for October, $1,020. Instructions 1. Record these transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies: Prepaid Insurance; Automobiles; Equipment; Accounts Payable; Notes Payable; Connie Young, Capital; Professional Fees: Salary Expense; Blue- print Expense, Rent 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 Connie Young, Architect, as of October 31, 20Y4. 4. Determine the net income or net loss for October Prob. 2-1A 1. and 2. Cash Equipment Accounts Payable Notes Payable Accounts Receivable Connie Young, Capital Supplies Professional Fees Prepaid Insurance Salary Expense Automobiles Blueprint Expense Rent Expense Automobile Expense Miscellaneous Expense