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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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