Entries into T Accounts and Trial Balance Connie Young, an architect, opened an office on October 1, 2019. 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, $28,600. Paid October rent for office and workroom, $2,900. Purchased used automobile for $19,000, paying $4,300 cash and giving a note payable for the remainder. Purchased office and computer equipment on account, $5,700. Paid cash for supplies, $1,370. Paid cash for annual insurance policies, $1,900. Received cash from client for plans delivered, $7,200. Paid cash for miscellaneous expenses, $770. Paid cash to creditors on account, $1,660. Paid $230 on note payable. Received invoice for blueprint service, due in November, $900. Recorded fees earned on plans delivered, payment to be received in November, $4,900. Paid salary of assistants, $1,500. Paid gas, oil, and repairs on automobile for October, $370. 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                                                 Capital

  debit                   credit                     debit                   credit  

1.  28,600                                          1.                            28,600

2.                           2,900

3.                           4,300

4.                           1,370

5.                           1,900

6. 7,200

7.                           770

8.                           1,660

9.                           230

12.                         1,500

13.                         370      

   20,800

  Rent expense                                   Vehicles

  debit                   credit                     debit                   credit  

2. 2,900                                           3. 19,000

  Notes payable                                  Service revenue

  debit                   credit                     debit                   credit  

3.                            14,700              6.                              7,200

9. 230                                             11.                              4,900

                              14,470                                               12,100

  Accounts payable                            Equipment

  debit                   credit                     debit                   credit  

4.                            5,700               4.  5,700

8. 1,660

10.                          900    

                              4,940

  Supplies                                            Prepaid insurance

  debit                   credit                     debit                   credit  

4. 1,370                                           5.  1,900

  Misc. expenses                                Blueprint services expense

  debit                   credit                     debit                   credit  

7. 770                                             10.  900

  Accounts receivable                        Wages and salaries expense

  debit                   credit                     debit                   credit  

11. 4,900                                         12. 1,500

  Vehicle maintenance expenses                                

  debit                   credit                    

13. 370

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