Professional Documents
Culture Documents
Architects on January 1
Marjorie Knaus an architect organized Knaus Architects on January 1
Marjorie Knaus, an architect, organized Knaus Architects on January 1, 2018. During the
month, Knaus Architects completed the following transactions:
C. Purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for
the remainder.
Instructions
1. Record these transactions directly in the following T accounts, without journalizing: Cash, Ac-
counts Receivable, Supplies, Prepaid Insurance, Automobiles, Equipment, Notes Payable,
Ac¬counts 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, place the appropriate letter to identify the transaction.
3. Prepare an unadjusted trial balance for Knaus Architects as of January 31, 2018.
ANSWER
https://solvedquest.com/marjorie-knaus-an-architect-organized-knaus-architects-on-january-1/