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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:
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 Purchased architectural supplies on account from Burmingham Company $1,300. 10 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. 30 Paid secretary-receptionist for the month $1,500. 30 Paid $300 to Burmingham Company for accounts payable due. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Apr. 1 Cash 18000 Common Stock 18000 Apr. 2 Rent Expense Cash Apr. 3 Supplies 1300 Accounts Payable 1300 Apr. 10 Accounts Payable 1900 | Service Revenue 1900 Apr. 11 Cash 700 Unearned Service Revenue 700 Apr. 201 Cash 2800 Service Revenue 2800 Apr. 30 Salaries and Wages Expense 1500 Cash 1500 Apr. 30 Accounts Payable 20 300 Cash 300 Cash 18000 18000 4/2 17100 700 17800 Accounts Receivable Supplies Accounts Payable DO Unearned Service Revenue Common Stock Service Revenue Service Revenue Salaries and Wages Expense 4/10 1900 Rent Expense e Textbook and Media List of Accounts * Your answer is incorrect. Prepare a trial balance on April 30, 2022. AYALA ARCHITECTS INC. Trial Balance Debit Credit e Textbook and Media List of Accounts
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