Mathematics
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

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fill in the blank ee9b75febf99fe7_4

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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

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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

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fill in the blank a257bb028f83050_14
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fill in the blank a257bb028f83050_35
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fill in the blank a257bb028f83050_38
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fill in the blank a257bb028f83050_41
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fill in the blank a257bb028f83050_44
fill in the blank a257bb028f83050_45
fill in the blank a257bb028f83050_46
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4. Determine the net income or net loss for October.

$fill in the blank 9acd7e077000f8b_2

answer
Answers: 1

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Ntries into T Accounts and Trial Balance Connie Young, an architect, opened an office on October 1,...

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