![subject](/tpl/images/cats/mat.png)
Mathematics, 06.02.2021 22:10 samarahbrown6050
Ntries into T Accounts and Trial Balance
Connie Young, an architect, opened an office on October 1, 20Y4. During the month, she completed the following transactions connected with her professional practice:
Transferred cash from a personal bank account to an account to be used for the business, $66,600.
Paid October rent for office and workroom, $6,700.
Purchased used automobile for $43,000, paying $10,000 cash and giving a note payable for the remainder.
Purchased office and computer equipment on account, $13,300.
Paid cash for supplies, $3,200.
Paid cash for annual insurance policies, $4,500.
Received cash from client for plans delivered, $16,700.
Paid cash for miscellaneous expenses, $1,800.
Paid cash to creditors on account, $3,860.
Paid $530 on note payable.
Received invoice for blueprint service, due in November, $2,200.
Recorded fees earned on plans delivered, payment to be received in November, $11,500.
Paid salary of assistants, $3,500.
Paid gas, oil, and repairs on automobile for October, $870.
Required:
1. Record the above transactions (in chronological order) directly into the T accounts. 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.
Cash
fill in the blank ee9b75febf99fe7_2
fill in the blank ee9b75febf99fe7_4
fill in the blank ee9b75febf99fe7_6
fill in the blank ee9b75febf99fe7_8
fill in the blank ee9b75febf99fe7_10
fill in the blank ee9b75febf99fe7_12
fill in the blank ee9b75febf99fe7_14
fill in the blank ee9b75febf99fe7_16
fill in the blank ee9b75febf99fe7_18
fill in the blank ee9b75febf99fe7_20
fill in the blank ee9b75febf99fe7_22
Bal. fill in the blank ee9b75febf99fe7_23
Accounts Receivable
fill in the blank ee9b75febf99fe7_25
Supplies
fill in the blank ee9b75febf99fe7_27
Prepaid Insurance
fill in the blank ee9b75febf99fe7_29
Automobiles
fill in the blank ee9b75febf99fe7_31
Equipment
fill in the blank ee9b75febf99fe7_33
Accounts Payable
fill in the blank ee9b75febf99fe7_35
fill in the blank ee9b75febf99fe7_37
fill in the blank ee9b75febf99fe7_39
Bal. fill in the blank ee9b75febf99fe7_40
Notes Payable
fill in the blank ee9b75febf99fe7_42
fill in the blank ee9b75febf99fe7_44
Bal. fill in the blank ee9b75febf99fe7_45
Connie Young, Capital
fill in the blank ee9b75febf99fe7_47
Professional Fees
fill in the blank ee9b75febf99fe7_49
fill in the blank ee9b75febf99fe7_51
Bal. fill in the blank ee9b75febf99fe7_52
Salary Expense
fill in the blank ee9b75febf99fe7_54
Blueprint Expense
fill in the blank ee9b75febf99fe7_56
Rent Expense
fill in the blank ee9b75febf99fe7_58
Automobile Expense
fill in the blank ee9b75febf99fe7_60
Miscellaneous Expense
fill in the blank ee9b75febf99fe7_62
3. Prepare an unadjusted trial balance for Connie Young, Architect, as of October 31, 20Y4. For those boxes in which no entry is required, leave the box blank.
Connie Young, Architect
Unadjusted Trial Balance
October 31, 20Y4
Debit
Balances Credit
Balances
fill in the blank a257bb028f83050_2
fill in the blank a257bb028f83050_3
fill in the blank a257bb028f83050_5
fill in the blank a257bb028f83050_6
fill in the blank a257bb028f83050_8
fill in the blank a257bb028f83050_9
fill in the blank a257bb028f83050_11
fill in the blank a257bb028f83050_12
fill in the blank a257bb028f83050_14
fill in the blank a257bb028f83050_15
fill in the blank a257bb028f83050_17
fill in the blank a257bb028f83050_18
fill in the blank a257bb028f83050_20
fill in the blank a257bb028f83050_21
fill in the blank a257bb028f83050_23
fill in the blank a257bb028f83050_24
fill in the blank a257bb028f83050_26
fill in the blank a257bb028f83050_27
fill in the blank a257bb028f83050_29
fill in the blank a257bb028f83050_30
fill in the blank a257bb028f83050_32
fill in the blank a257bb028f83050_33
fill in the blank a257bb028f83050_35
fill in the blank a257bb028f83050_36
fill in the blank a257bb028f83050_38
fill in the blank a257bb028f83050_39
fill in the blank a257bb028f83050_41
fill in the blank a257bb028f83050_42
fill in the blank a257bb028f83050_44
fill in the blank a257bb028f83050_45
fill in the blank a257bb028f83050_46
fill in the blank a257bb028f83050_47
4. Determine the net income or net loss for October.
$fill in the blank 9acd7e077000f8b_2
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Ntries into T Accounts and Trial Balance
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