Determine the balances of the T accounts.

Leila Durkin an architect opened an office on July 1 20 Show more Entries into T Accounts and Trial Balance Leila Durkin an architect opened an office on July 1 2014. During the month she completed the following transactions connected with her professional practice: Issued capital stock to Leila Durkin in exchange for $65600. Paid July rent for office and workroom $6600. Purchased used automobile for $43000 paying $9800 cash and giving a note payable for the remainder. Purchased office and computer equipment on account $13100. Paid cash for supplies $3150. Paid cash for annual insurance policies on automobile and equipment $4400. Received cash from a client for plans delivered $16400. Paid cash for miscellaneous expenses $1770. Paid cash to creditors on account $3800. Paid installment due on note payable $520. Received invoice for blueprint service due in August $2200. Recorded fee earned on plans delivered payment to be received in August $11300. Paid salary of assistant $3500. Paid gas oil and repairs on automobile for July $850. 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 Capital 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. 2. Determine the balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. Show less


Approximately 250 words