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Oct. 1 Stockholders invest $31,160 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $40,320. 3
Oct. 1 Stockholders invest $31,160 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $40,320. 3 Buys office furniture for $3,770, on account. 6 Sells a house and lot for E.C. Roads; commissions due from Roads, $11,170 (not paid by Roads at this time). 10 Receives cash of $210 as commission for acting as rental agent renting an apartment. 27 Pays $740 on account for the office furniture purchased on October 3. 30 Pays the administrative assistant $3,360 in salary for October. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter Ofor 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 Account Titles and Explanation Debit Credit Cheyenne 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 $20,700 cash in exchange for common stock of the corporation 1 Hired a secretary receptionist at a salary of S431 per week payable monthly 2 Paid office rent for the month $1,035. 3 Purchased architectural supplies on account from Burmingham Company $1,495. 10 Completed blueprints on a carport and billed client $2,185 for services. 11 Received $805 cash advance from M. Jason to design a new home. 20 Received $3,220 cash for services completed and delivered to 5. Melvin. 30 Paid secretary-receptionist for the month $1,724 30 Paid S345 to Burmingham Company for accounts payable due Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 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 Account Titles and Explanation Debit Credit
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