Question

Connie Young, an architect, opened an office on October 1, 2019. 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, $36,000.
Paid October rent for office and workroom, $2,400.
Purchased used automobile for $32,800, paying $7,800 cash and giving a note payable for the remainder.
Purchased office and computer equipment on account, $9,000.
Paid cash for supplies, $2,150.
Paid cash for annual insurance policies, $4,000.
Received cash from client for plans delivered, $12,200.
Paid cash for miscellaneous expenses, $815.
Paid cash to creditors on account, $4,500.
Paid $5,000 on note payable.
Received invoice for blueprint service, due in November, $2,890.
Recorded fees earned on plans delivered, payment to be received in November, $18,300.
Paid salary of assistants, $6,450.
Paid gas, oil, and repairs on automobile for October, $1,020.
3. Prepare an unadjusted trial balance for Connie Young, Architect, as of October 31, 2019. If an amount box does not require an entry, leave it blank.

Answer 1

Unadjusted trial balance for Connie Young, Architect, as of October 31, 2019 is:

Connie young
Trial Balance
For the Month ended October 31, 2019
Particulars	Amount ($)	Amount ($)
Cash	14,065
Connie Capital		36,000
Rent Expense	2,400
Automobile	32,800
Note payable		20,000
Account Payable		4,500
Equipment	9,000
Supplies	2,150
Prepaid Insurance	4,000
Service Revenue		33,390
Miscellaneous Expense	815
Account Receivable	21,190
Salary Expense	6,450
Gas,Oil and Repairs	1,020
Total	93,890	93,890

Working:

	Cash	Connie Capital	Rent Expense	Automobile	Note payable	Account Payable	Equipment	Supplies	Prepaid Insurance	Service Revenue	Miscellaneous Expense	Account Receivable	Salary Expense	Gas,Oil and Repairs
Transferred cash from a personal bank account to an account to be used for the business, $36,000.	36,000	36,000
Paid October rent for office and workroom, $2,400.	-2,400		2,400
Purchased used automobile for $32,800, paying $7,800 cash and giving a note payable for the remainder.	-7,800			32,800	25,000
Purchased office and computer equipment on account, $9,000.						9,000	9,000
Paid cash for supplies, $2,150.	-2,150							2,150
Paid cash for annual insurance policies, $4,000.	-4,000								4,000
Received cash from client for plans delivered, $12,200.	12,200									12,200
Paid cash for miscellaneous expenses, $815.	-815										815
Paid cash to creditors on account, $4,500.	-4,500					-4,500
Paid $5,000 on note payable.	-5,000				-5,000
Received invoice for blueprint service, due in November, $2,890.										2,890		2,890
Recorded fees earned on plans delivered, payment to be received in November, $18,300.										18,300		18,300
Paid salary of assistants, $6,450.	-6,450												6,450
Paid gas, oil, and repairs on automobile for October, $1,020.	-1,020													1,020
	14,065	36,000	2,400	32,800	20,000	4,500	9,000	2,150	4,000	33,390	815	21,190	6,450	1,020