Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615



Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615
Textbook Problem

Entries into T accounts and trial balance

Ken Jones, an architect, opened an office on April 1, 2016. During the month, he completed the following transactions connected with his professional practice:

  1. a. Transferred cash from a personal bank account to an account to be used for the business, $18,000.
  2. b. Purchased used automobile for $19,500, paying $2,500 cash and giving a note payable for the remainder.
  3. c. Paid April rent for office and workroom, $3,150.
  4. d. Paid cash for supplies, $1,450.
  5. e. Purchased office and computer equipment on account, $6,500.
  6. f. Paid cash for annual insurance policies on automobile and equipment, $2,400.
  7. g. Received cash from a client for plans delivered, $12,000.
  8. h. Paid cash to creditors on account, $1,800.
  9. i. Paid cash for miscellaneous expenses, $375.
  10. j. Received invoice for blueprint service, due in May, $2, 500.
  11. k. Recorded fees earned on plans delivered, payment to be received in May, $15,650.
  12. l. Paid salary of assistant, $2,800.
  13. m. Paid cash for miscellaneous expenses, $200.
  14. n. Paid installment due on note payable, $300.
  15. o. Paid gas, oil, and repairs on automobile for April, $550.


  1. 1. Record these transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, place the appropriate letter to identify the transaction.
  2. 2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance.
  3. 3. Prepare an unadjusted trial balance for Ken Jones, Architect, as of April 30, 2016.
  4. 4. Determine the net income or net loss for April.

1, and 2.

To determine


An account is referred to as a T-account, because the alignment of the components of the account resembles the capital letter ‘T’. An account consists of the three main components which are as follows:

  • The title of the account
  • The left or debit side
  • The right or credit side

Unadjusted trial balance:

The unadjusted trial balance is the summary of all the ledger accounts that appears on the ledger accounts before making adjusting journal entries.

To record: The transactions directly in their respective T-accounts, and to determine their balances.


Record the transactions directly in their respective T-accounts, and determine their balances.

(a) 18,000 (b)2,500
(g)12,000 (c)3,150
(n) 300
(o) 550
Balance 14,475
Accounts Receivable
Prepaid Insurance
Accounts Payable
(h) 1,800 (e)6,500


To determine

To prepare: An unadjusted trial balance for Person KJ, Architect, as of April 30, 2016.


To determine

The net income or net loss of Person KJ, Architect for the month of April.

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Why is developing a well-written marketing plan important?

Foundations of Business (MindTap Course List)

Explain why net operating working capital is included in a capital budgeting analysis and how it is recovered a...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

How does a cost-efficient capital market help reduce the prices of goods and services?

Fundamentals of Financial Management (MindTap Course List)

JOURNALIZING CASH RECEIPTS Enter the following transactions in a general journal:

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)