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Culver Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred:
Culver 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 $26,910 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $561 per week, payable monthly. 2 Paid office rent for the month $1,345. 3 Purchased architectural supplies on account from Burmingham Company $1.943. 10 Completed blueprints on a carport and billed client $2,840 for services. 11 Received $1,046 cash advance from M. Jason to design a new home. 20 30 Paid secretary-receptionist for the month $2,244. Received $4,186 cash for services completed and delivered to S. Melvin. 30 Paid $448 to Burmingham Company for accounts payable due. Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.) Cash 4/1 V 26910 4/20 4186 4/2 1345 4/30 2244 4/11 1046 4/30 448 4/10 Accounts Receivable Supplies 4/3 1943 4/3 v Supplies 1943 Accounts Payable 4/3 1943 4/30 448 4/11 Unearned Service Revenue 1046 Common Stock 4/1 26910 4/10 Service Revenue 2840 4/201 4186 4/30 Salaries and Wages Expense 2244 Rent Expense 4/2 1345
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