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CityScape Architects Transaction Description Amount 1 Issued common stock $400,000 2 Bought office supplies on credit $30,000 3 Paid for office rent $12,000 4 Provided
CityScape Architects
Transaction | Description | Amount |
1 | Issued common stock | $400,000 |
2 | Bought office supplies on credit | $30,000 |
3 | Paid for office rent | $12,000 |
4 | Provided architectural services on account | $150,000 |
5 | Paid wages | $60,000 |
6 | Collected receivables | $120,000 |
7 | Paid for utilities | $6,000 |
Requirement: Record transactions, post to the ledger, and prepare a balance sheet.
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