Problem 3-05A

Concord 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. 1Stockholders invested $27,000 cash in exchange for common stock of the corporation.1Hired a secretary-receptionist at a salary of $562 per week, payable monthly.2Paid office rent for the month $1,350.3Purchased architectural supplies on account from Burmingham Company $1,950.10Completed blueprints on a carport and billed client $2,850 for services.11Received $1,050 cash advance from M. Jason to design a new home.20Received $4,200 cash for services completed and delivered to S. Melvin.30Paid secretary-receptionist for the month $2,248.30Paid $450 to Burmingham Company for accounts payable due.