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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:

  1. Transferred cash from a personal bank account to an account to be used for the business, $39,700.
  2. Paid October rent for office and workroom, $4,000.
  3. Purchased used automobile for $26,000, paying $6,000 cash and giving a note payable for the remainder.
  4. Purchased office and computer equipment on account, $7,900.
  5. Paid cash for supplies, $1,910.
  6. Paid cash for annual insurance policies, $2,700.
  7. Received cash from client for plans delivered, $9,900.
  8. Paid cash for miscellaneous expenses, $1,080.
  9. Paid cash to creditors on account, $2,300.
  10. Paid $320 on note payable.
  11. Received invoice for blueprint service, due in November, $1,300.
  12. Recorded fees earned on plans delivered, payment to be received in November, $6,900.
  13. Paid salary of assistants, $2,100.
  14. Paid gas, oil, and repairs on automobile for October, $520.

Required:

2.   Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance.

 

Help me please 

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