Entries into T accounts and Trial Balance Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following transactions: Transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $26,900. Purchased used automobile for $17,000, paying $4,000 cash and giving a note payable for the remainder. Paid April rent for office and workroom, $2,700. Paid cash for supplies, $1,290. Purchased office and computer equipment on account, $5,400. Paid cash for annual insurance policies on automobile and equipment, $1,800. Received cash from a client for plans delivered, $6,700. Paid cash to creditors on account, $1,560. Paid cash for miscellaneous expenses, $375. Received invoice for blueprint service, due in May, $900. Recorded fees earned on plans delivered, payment to be received in May, $4,700. Paid salary of assistant, $1,400. Paid cash for miscellaneous expenses, $730. Paid installment due on note payable, $220. Paid gas, oil, and repairs on automobile for April, $350. Required: 1. Record the above transactions (in chronological order) direc
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Entries into T accounts and Trial Balance Ken Jones, an architect, organized Jones Architects on Apr...
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