Shaun Wilcox, an architect, opened an office on April 1, 2006. During the month, he completed the following transactions connected with his professional practice: a. Transferred cash from a personal bank account to an account to be used for the business, $17,500. b. Purchased used automobile for $15,300, paying $4,000 cash and giving a note payable for the remainder. c. Paid April rent for office and workroom, $2,200. d. Paid cash for supplies, $660. e. Purchased office and computer equipment on account, $5,200. f. Paid cash for annual insurance policies on automobile and equipment, $1,200. g. Received cash from a client for plans delivered, $3,725. h. Paid cash to creditors on account, $1,800. i. Paid cash for miscellaneous expenses, $235. j. Received invoice for blueprint service, due in May, $650. k. Recorded fee eamed on plans delivered, payment to be received in May, $3,500. 1. Paid salary of assistant, $1,300. m. Paid cash for miscellaneous expenses, $105. n. Paid installment due on note payable, $200. o. Paid gas, oil, and repairs on automobile for April, $115. Instructions 1. Record the foregoing transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Shaun Wilcox, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, place the appropriate letter to identify the transaction. 2. Determine the balances of the T accounts having two or more debits of credits. A memorandum balance should be inserted in accounts having both debits and credits, in the manner illustrated in the chapter. For accounts with entries on one side only (such as Professional Fees), there is no need to insert the memorandum balance in the item column. For accounts containing only a single debit and a single credit (such as Notes Payable), the memorandum balance should be inserted in the appropriate item column. Accounts containing a single entry only (such as Prepaid Insurance) do not need a memorandum balance. 3. Prepare a trial balance for Shaun Wilcox, Architect, as of April 30, 2006