EL. Wright Architects incorporated as licensed architects on April 1, 2007. During J ee rates: Post, the first month of the operation of the business, these events and transactions occurred: OEE TED Are

(SO%B75,6, 7778)

Apr. 1 Stockholders invested $14,000 cash in exchange for common stock of the —-

corporation. GLS)

1 Hired a secretary-receptionist at a salary of $375 per week, payable monthly.

2 Paid office rent for the month $900. 3. Purchased architectural supplies on account from Spring Green Company

$1,000.

10 Completed blueprints on a carport and billed client $1,100 for services.

11 Received $500 cash advance from J. Madison to design a new home.

20 Received $2,300 cash for services completed and delivered to M. Svetlana.

30 Paid secretary-receptionist for the month $1,500.

30 Paid $100 to Spring Green Company for accounts payable due.

The company uses these accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Unearned Revenue, Common Stock, Service Revenue, Salaries Expense, and Rent Expense.

Instructions

(a) Journalize the transactions, including explanations.

(c) Cash $14,300 _

(b) Post to the ledger T accounts. Tot. trial

(c) Prepare a trial balance on April 30, 2007. balance $18,800