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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 occured:
Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions occured:
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 Stockholders invested $18,000 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $375 per week, payable monthly. Pald office rent for the month $900. Purchased architectural supplies on account from Burmingham Company $1,300. Completed blueprints on a carport and billed client $1,900 for services. Received $700 cash advance from M. Jason to design a new home. Received $2,800 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,500. Paid $300 to Burmingham Company for accounts payable due 11 20 30 30 Journalize the transactions. (if no entry is required, select "No entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not Indent manually. Record joumal entries in the order presented in the problem.) Date Debit Credit Account Titles and Explanation > I Step by Step Solution
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