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Novak Architects incorporated as licensed architects on April 1, 2025. During the first month of the operation of the business, these events and transactions
Novak Architects incorporated as licensed architects on April 1, 2025. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested $18,270 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $381 per week, payable monthly WN Paid office rent for the month $914. Purchased architectural supplies on account from Burmingham Company $1,320. 10 Completed blueprints on a carport and billed client $1,929 for services. 11 Received $711 cash advance from M. Jason to design a new home. 20 30 30 Received $2,842 cash for services completed and delivered to S. Melvin Paid secretary-receptionist for the month $1,524. Paid $305 to Burmingham Company for accounts payable due. (a) 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. List all debit entries before credit entries) Date Account Titles and Explanation Debit Credit (Issued shares of stock for cash) (Hired a secretary-receptionist) Question 10 of 10 < Date Account Titles and Explanation Debit (Issued shares of stock for cash) (Hired a secretary-receptionist) (Paid monthly salary) (Paid Burmingham Company on account) -/201 Credit A
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