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Business, 02.07.2019 19:10 brighamc23

Entries into t accounts and trial balance marjorie knaus, an architect, organized knaus architects on january 1, 20y4. during the month, knaus architects completed the following transactions: issued common stock to marjorie knaus in exchange for $30,000. paid january rent for office and workroom, $2,500. purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. purchased office and computer equipment on account, $8,000. paid cash for supplies, $2,100. paid cash for annual insurance policies, $3,600. received cash from client for plans delivered, $9,000. paid cash for miscellaneous expenses, $2,600. paid cash to creditors on account, $4,000. paid installment due on note payable, $1,875. received invoice for blueprint service, due in february, $5,500. recorded fees earned on plans delivered, payment to be received in february, $31,400. paid salary of assistants, $6,000. paid gas, oil, and repairs on automobile for january, $1,300. required: 1. record the above transactions (in chronological order) directly in the following t accounts, without journalizing. cash, accounts receivable, supplies, prepaid insurance, automobiles, equipment, notes payable, accounts payable, common stock, professional fees, rent expense, salary expense, blueprint expense, automobile expense, miscellaneous expense.

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