Financial Accounting: PR2-1A Kimberly Manis, an architect, organized Manis Architects

Financial Accounting 
PR2-1A Entries into T accounts and trial balance 
Kimberly Manis, an architect, organized Manis Architects on January 1, 2016. During the month, Manis Architects completed the following transactions: 
A. Issued common stock to Kimberley Manis in exchange for $18,000. 
B. Paid January rent for office and workroom, $1,950. 
C. Purchased used automobile for $28,500, paying $5,700 cash and giving a note payable for the remainder. 
D. Purchased office and computer equipment on account, $4,500. 
E. Paid cash for supplies, $1,875. 
F. Paid cash for annual insurance policies, $3,600. 
G. Received cash from client for plans delivered, $13,650. 
H. Paid cash for miscellaneous expenses, $2,600. 
I. Paid cash to creditors on account, $3,000. 
J. Paid installment due on note payable, $950. 
K. Received invoice for blueprint service, due in February, $3,750. 
L. Recorded fees earned on plans delivered, payment to be received in February, $21,900. 
M. Paid salary of assistants, $4,100. 
N. Paid gas, oil, and repairs on automobile for January, $1,300. 

1. Record these transactions directly in the following T accounts, without journalizing : Cash; Accounts Receivable ; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Common Stock; Professional Fees; Salary Expense; Blueprint Expense; Rent Expense; Automobile Expense; Miscellaneous Expense. To the left of the amount entered in the accounts , select the appropriate letter to identify the transaction. 
2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance. 
3. Prepare an unadjusted trial balance for Manis Architects as of January 31, 2016. 
4. Determine the net income or net loss for January.