Ken Jones, an architect, organized Jones Architects on April 1,20Y2. During the month, Jones Architects...
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Ken Jones, an architect, organized Jones Architects on April Y During the month, Jones Architects completed the following transactions: Transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $ Purchased used automobile for $ paying $ cash and giving a note payable for the remainder. Paid April rent for office and workroom, $ Paid cash for supplies, $ Purchased office and computer equipment on account, $ Paid cash for annual insurance policies on automobile and equipment, $ Received cash from a client for plans delivered, $ Paid cash to creditors on account, $ Paid cash for miscellaneous expenses, $ Received invoice for blueprint service, due in May, $ Recorded fees earned on plans delivered, payment to be received in May, $ Paid salary of assistant, $ Paid cash for miscellaneous expenses, $ Paid installment due on note payable, $ Paid gas, oil, and repairs on automobile for April, $ Required: Question Content Area 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. To the left of each amount entered in the accounts, select the appropriate letter to identify the transaction. Determine account balances of the T accounts. Accounts containing a single entry only such as Prepaid Insurance do not need a balance. Cash ccounts Receivable Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Supplies Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Prepaid Insurance Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Automobiles Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Equipment Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Notes Payable Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of fill in the blank of fill in the blank of Bal. fill in the blank of Accounts Payable Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of fill in the blank of fill in the blank of fill in the blank of fill in the blank of Bal. fill in the blank of Common Stock Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Professional Fees fill in the blank of fill in the blank of fill in the blank of fill in the blank of Bal. fill in the blank of Rent Expense Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Salary Expense Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Blueprint Expense Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Automobile Expense Transaction Debit amount Transaction Credit amount fill in the blank of fill in the blank of Miscellaneous Expense fill in the blank of fill in the blank of fill in the blank of fill in the blank of Bal. fill in the blank of Question Content Area Prepare an unadjusted trial balance for Jones Architects as of April Y List all accounts in the order of Assets, Liabilities, Stockholders equity, Revenues, and Expenses. If an amount box does not require an entry, leave it blank. Jones Architects Unadjusted Trial Balance April Y Account Debit Balances Credit Balances Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Select Total Total Total Question Content Area Determine the net income or net loss for April. fill in the blank of $fill in the blank of
Ken Jones, an architect, organized Jones Architects on April Y During the month, Jones Architects completed the following transactions:
Transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $
Purchased used automobile for $ paying $ cash and giving a note payable for the remainder.
Paid April rent for office and workroom, $
Paid cash for supplies, $
Purchased office and computer equipment on account, $
Paid cash for annual insurance policies on automobile and equipment, $
Received cash from a client for plans delivered, $
Paid cash to creditors on account, $
Paid cash for miscellaneous expenses, $
Received invoice for blueprint service, due in May, $
Recorded fees earned on plans delivered, payment to be received in May, $
Paid salary of assistant, $
Paid cash for miscellaneous expenses, $
Paid installment due on note payable, $
Paid gas, oil, and repairs on automobile for April, $
Required:
Question Content Area
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. To the left of each amount entered in the accounts, select the appropriate letter to identify the transaction.
Determine account balances of the T accounts. Accounts containing a single entry only such as Prepaid Insurance do not need a balance.
Cash
ccounts Receivable
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Supplies
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Prepaid Insurance
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Automobiles
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Equipment
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Notes Payable
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
fill in the blank of
fill in the blank of
Bal. fill in the blank of
Accounts Payable
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
fill in the blank of
fill in the blank of
fill in the blank of
fill in the blank of
Bal. fill in the blank of
Common Stock
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Professional Fees
fill in the blank of
fill in the blank of
fill in the blank of
fill in the blank of
Bal. fill in the blank of
Rent Expense
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Salary Expense
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Blueprint Expense
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Automobile Expense
Transaction Debit amount Transaction Credit amount
fill in the blank of
fill in the blank of
Miscellaneous Expense
fill in the blank of
fill in the blank of
fill in the blank of
fill in the blank of
Bal. fill in the blank of
Question Content Area
Prepare an unadjusted trial balance for Jones Architects as of April Y List all accounts in the order of Assets, Liabilities, Stockholders equity, Revenues, and Expenses. If an amount box does not require an entry, leave it blank.
Jones Architects
Unadjusted Trial Balance
April Y
Account Debit Balances Credit Balances
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Select
Total Total
Total
Question Content Area
Determine the net income or net loss for April.
fill in the blank of
$fill in the blank of
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