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Business, 21.06.2019 21:00 GaudySky

Ken jones, an architect, organized jones architects on april 1, 2016. during the month, jones architects completed the following transactions: a. transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $18,000. b. purchased used automobile for $19,500, paying $2,500 cash and giving a note payable for the remainder. c. paid april rent for office and workroom, $3,150. d. paid cash for supplies, $1,450. e. purchased office and computer equipment on account, $6,500. f. paid cash for annual insurance policies on automobile and equipment, $2,400. g. received cash from a client for plans delivered, $12,000. h. paid cash to creditors on account, $1,800. i. paid cash for miscellaneous expenses, $375. j. received invoice for blueprint service, due in may, $2,500. k. recorded fees earned on plans delivered, payment to be received in may, $15,650. l. paid salary of assistant, $2,800. m. paid cash for miscellaneous expenses, $200. n. paid installment due on note payable, $300. o. paid gas, oil, and repairs on automobile for april, $550.1. record these transactions in the 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, 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.3. prepare an unadjusted trial balance for ken jones, architect, as of april 30, 2016.

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Ken jones, an architect, organized jones architects on april 1, 2016. during the month, jones archit...
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