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Business, 27.01.2020 23:31 kaysayfam747

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: a. transferred cash from a personal bank account to an account to be used for the business, $44,200. b. paid october rent for office and workroom, $4,400. c. purchased used automobile for $29,000, paying $6,600 cash and giving a note payable for the remainder. d. purchased office and computer equipment on account, $8,800. e. paid cash for supplies, $2,120. f. paid cash for annual insurance policies, $3,000. g. received cash from client for plans delivered, $11,100. h. paid cash for miscellaneous expenses, $1,200. i. paid cash to creditors on account, $2,560. j. paid $350 on note payable k. received invoice for blueprint service, due in november, $1,500. 1. recorded fees earned on plans delivered, payment to be received in november, $7,600. m. paid salary of assistants, $2,300. n. paid gas, oil, and repairs on automobile for october, $570. 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 taccounts. accounts containing a single entry only (such as prepaid insurance do not need a balance 8: 09 pm

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Entries into t accounts and trial balance connie young, an architect, opened an office on october 1,...

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