Robin Godin, an architect, opened an office on April 1, 2015. During the month, he completed the following transactions connected with his professional practice:
a. Transferred cash from a personal bank account to an account to be used for the business, $30,000.
b. Paid April rent for office and workroom, $3,000.
c. Paid cash for supplies, $1,450.
d. Purchased office and computer equipment on account, $6,000.
e. Decided to purchase insurance but could not choose between a $1,000 plan and a $1,200 plan.
f. Received cash from a client for plans delivered, $7,500.
g. Paid cash for miscellaneous expenses, $500.
h. Received invoice for blueprint service, due in May, $1,000.
i. Recorded fee earned on plans delivered, payment to be received in May, $5,200.
Instructions
1. Record the above transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Robin Godin, Capital; Professional Fees; Rent Expense; Blueprint Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, place the appropriate letter to identify the transaction.
2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Supplies) do not need a balance.
3. Prepare an unadjusted trial balance as at April 30, 2015.