[autumn85]

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.