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Patricia Perez is a licensed architact. During the first month of the operation of her business. the following events and transactions occurred. April 1
Patricia Perez is a licensed architact. During the first month of the operation of her business. the following events and transactions occurred. April 1 Invested $20,000 in cash. 1 Hired a secretary-receptionist at a salary of $300 per week payable monthly. 2 Paid office rent for the month $800. 3 Purchased architectural supplies on account from Halo Company $1500. 10 Completed blueprints on a carport and billed client $900 for services. 11 Received $500 cash advance from R. William for the design of a new home. 20 Received $1,500 cash for services completed and delivered to P. Donahue. 30 Paid secretary-receptionist for the month $1,500. 30 Paid to Halo Company on account. Instructions (a) Journalize the transactions. (b) Post to the ledger accounts. (c) Prepare a trial balance on April 30, 2006
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