Prepare journal entries for the following events and business transactions for Ojo Architects in the companys first month of operations

Stockholders invested $20,000 cash in exchange for common stock of the corporation. Debit Credit

Paid office rent for the month $1,500.

Debit Credit

Hired a secretary receptionist at a salary of $1,750 per month.

Debit Credit

Purchased supplies on account from Staples $1,250.

Debit Credit

Completed blue prints on a house and billed client $10,000 for services.

Debit Credit

Received $4,000 cash for services completed and delivered to G. Goseman.

Debit Credit

Received $500 cash advance from R. Stor to design a garage.

Debit Credit

Paid $1,250 to Staples for supplies purchased on account.

Debit Credit