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Ayala Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions

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Ayala Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested $18,000 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $375 per week, payable monthly. 2 Paid office rent for the month $900. 3 10 Purchased architectural supplies on account from Burmingham Company $1,300. Completed blueprints on a carport and billed client $1,900 for services. 11 Received $700 cash advance from M. Jason to design a new home. 20 Received $2,800 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,500. 888 30 30 Paid $300 to Burmingham Company for accounts payable due.

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