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Monty Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred:
Monty 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 1 2 3 10 11 20 30 30 Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Apr. 1 Apr. 1 Stockholders invested $22,770 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $474 per week, payable monthly. Paid office rent for the month $1,138. Purchased architectural supplies on account from Burmingham Company $1,644. Completed blueprints on a carport and billed client $2,403 for services. Received $885 cash advance from M. Jason to design a new home. Received $3,542 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,896. Paid $379 to Burmingham Company for accounts payable due. Apr. 2 Account Titles and Explanation Cash Common Stock Rent Expense Cash Supplies Accounts Payable Debit 22770 1138 1644 Credit 22770 1138 1644
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