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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 Stockholders invested $ 22,500 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $ 469 per week, payable monthly. 2 Paid office rent for the month $ 1,125. 3 Purchased architectural supplies on account from Burmingham Company $ 1,625. 10 Completed blueprints on a carport and billed client $ 2,375 for services. 11 Received $ 875 cash advance from M. Jason to design a new home. 20 Received $3,500 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $ 1,876. 30 Paid $ 375 to Burmingham Company for accounts payable due. (b) Post to the ledger T-accounts.(Post entries in the order of journal entries presented in the question.) Cash 4/3 Accounts Receivable 4/30 Supplies Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense
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