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    Jun 4, 2013, 05:04 PM
    Entries into T Accounts and Trial Balance Leila Durkin, an architect, opened an offic
    Entries into T Accounts and Trial Balance
    Leila Durkin, an architect, opened an office on May 1, 2012. During the month, she completed the following transactions connected with her professional practice:
    Transferred cash from a personal bank account to an account to be used for the business, $30,000.
    Paid May rent for office and workroom, $3,500.
    Purchased used automobile for $25,000, paying $5,000 cash and giving a note payable for the remainder.
    Purchased office and computer equipment on account, $9,000.
    Paid cash for supplies, $1,200.
    Paid cash for annual insurance policies, $2,400.
    Received cash from client for plans delivered, $8,150.
    Paid cash for miscellaneous expenses, $300.
    Paid cash to creditors on account, $2,500.
    Paid installment due on note payable, $400.
    Received invoice for blueprint service, due in June, $1,200.
    Recorded fee earned on plans delivered, payment to be received in June, $12,900.
    Paid salary of assistant, $1,800.
    Paid gas, oil, and repairs on automobile for May, $600.
    1. Record the above transactions directly into the T accounts. To the left of the amount entered in the accounts, place the appropriate letter to identify the transaction.
    2. Determine the balances of the T accounts.

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