Business
Business, 03.09.2019 16:20, andybiersack154

Marjorie knaus, an architect, organized knaus architects on january 1, 2018. during the month, knaus architects completed the following transactions: a. issued common stock to marjorie knaus in exchange for $22,000.b. paid january rent for office and workroom, $1,650.c. purchased used automobile for $26,000, paying $4,800 cash and giving a note payable for the remainder. d. purchased office and computer equipment on account, $5,600.e. paid cash for supplies, $1,250.f. paid cash for annual insurance policies, $3,000.g. received cash from client for plans delivered, $13,450.h. paid cash for miscellaneous expenses, $2,300.i. paid cash to creditors on account, $3,800.j. paid installment due on note payable, $700.k. received invoice for blueprint service, due in february, $4,000.l. recorded fees earned on plans delivered, payment to be received in february, $20,600.m. paid salary of assistants, $3,500.n. paid gas, oil, and repairs on automobile for january, $1,300.required: 1. record these transactions 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 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.3. prepare an unadjusted trial balance for knaus architects as of january 31, 2018.4. determine the net income or net loss for january.

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Marjorie knaus, an architect, organized knaus architects on january 1, 2018. during the month, knaus...

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