Question
Mahon Consultants Pty Ltd opened as licensed architects on April 1 2023. During the first month of the operation of the business, these events and
Mahon Consultants Pty Ltd opened as licensed architects on April 1 2023. During the first month of the operation of the business, these events and transactions occurred: 1C April 1 Shareholders invested $76 500 cash in exchange for shares. April 1 Hired a personal assistant at a salary of $5850 per month, payable monthly. April 2 Paid office rent for the month, $2850. April 3 Purchased drawing supplies on account from Speedy Supplies Ltd, $7650. April 10 Completed a contract and invoiced client $40 for services. April 11 Received $1650 cash advance from R. Welk for the design of an extension. April 20 Received $9450 cash for services completed for P. Donahue. April 30 Paid assistant for the month, $5850. April 30 Paid $3450 owed to Speedy Supplies Ltd. Requirement: Record each transaction in the appropriate columns of your worksheet for the first month of operation of Mahon Consultants Pty Ltd. )
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