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Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions occurred:
Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 1 2 3 10 11 20 30 30 Stockholders invested $22,500 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $469 per week, payable monthly Paid office rent for the month $1,125. Purchased architectural supplies on account from Burmingham Company $1,625 Completed blueprints on a carport and billed client $2,375 for services Received $875 cash advance from M. Jason to design a new home Received $3,500 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,876 Paid $375 to Burmingham Company for accounts payable due Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Supplies Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense
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