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GLS P3-5A Journalize transactions, post, and prepare a trial balance (LO 3,45), AP Ayala Architects incorporated as licensed architects on April 1, 2017. During the
GLS P3-5A Journalize transactions, post, and prepare a trial balance (LO 3,45), AP Ayala Architects incorporated as licensed architects on April 1, 2017. 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 Hired a secretary- receptionist at a salary of $375 per week, payable monthly Paid office rent for the month $900. 1 2 3 Purchased architectural supplies on account from Burmingham Company $1,300. Completed blueprints on a carport and billed client $1,900 for services. 10 11 Received $700 cash advance from M. Jason to design a new home Received $2,800 cash for services completed and delivered to S. Melvin. 20 30 Paid secretary-receptionist for the month $1,500 Paid $300 to Burmingham Company for accounts payable due. 30
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