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question 2 Pronghorn Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and
question 2
Pronghorn 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 \$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 due. Journalize the transactions. (If no entry is required, select "No entry" for the occount titles and enter Ofor the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Tities and Explanation Debit Credit Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.) PRONGHORN ARCHITECTS INC. Trial Balance Debit Credit $ $ $ $ Step by Step Solution
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