Question
Pronghorn Architects incorporated as licensed architects on April 1,2025. During the first month of the operation of the business these events and transactions occurred: Apr.
Pronghorn Architects incorporated as licensed architects on April 1,2025. During the first month of the operation of the business these events and transactions occurred: Apr. 1 Stockholders invested $22,050 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $459 per week, payable monthly. 2 Paid office rent for the month $1,103. 3 Purchased architectural supplies on account from Burmingham Company $1,593. 10 Completed blueprints on a carport and billed client $2,328 for services. 11 Received $858 cash advance from M. Jason to design a new home. 20 Received $3,430 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1,836. 30 Paid $368 to Burmingham Company for
Date Account Titles and Explanation Debit Credit Apr. 1 Cash 22,050 Common Stock 22,050 (Issued shares of stock for cash) (Hired a secretary-receptionist) Apr. 1 Pronghorn Architects incorporated as licensed architects on April 1, 2025. During the first month of the operation of the business these events and transactions occurred: Apr. 1 Stockholders invested $22,050 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $459 per week, payable monthly. 2 Paid office rent for the month $1,103. 3 Purchased architectural supplies on account from Burmingham Company $1,593. 10 Completed blueprints on a carport and billed client $2,328 for services. 11 Received $858 cash advance from M. Jason to design a new home. 20 Received $3,430 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1,836. 30 Paid $368 to Burmingham Company for accounts payable dueStep by Step Solution
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