Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Problem 3-OSA Sarasota Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and
Problem 3-OSA Sarasota 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 $24,300 cash in exchange for common stock of the corporation 1 Hired a secretary-receptionist at a salary of $506 per week, payable monthly 2 Paid office rent for the month $1,215. 3 Purchased architectural supplies on account from Burmingham Company $1,755. 10 Completed blueprints on a carport and billed dient $2,565 for services. 11 Received $945 cash advance from M. Jason to design a new home. 20 Received $3,780 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $2.024. 30 Pald 5405 to Burmingham Company for accounts payable due Trial Balance For the Month Ended April 30, 2022 v Debit Credit Cash Accounts Receivable Supplies 1,755 Accounts Payable Unearned Service Revenue 945 Common Stock 24,300 Service Revenue 2,565 Salaries and Wages Expense 2,024 Rent Expense 1,215
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started