Problem 3-05A (Part Level Submission) Ayayai Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the
Problem 3-05A (Part Level Submission) Ayayai 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 1 Stockholders invested $18,360 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $383 per week, payable monthly. 2 Paid office rent for the month $918. 3 Purchased architectural supplies on account from Burmingham Company $1,326. 10 Completed blueprints on a carport and billed client $1,938 for services. 11 20 Received $714 cash advance from M. Jason to design a new home. Received $2,856 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1,532 30 Paid $306 to Burmingham Company for accounts payable due
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