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Question 5) Awesome Accounting Architects began operations on April 1. During its first month, the following events and transactions occurred: Stockholders invested $69,000 cash
Question 5) Awesome Accounting Architects began operations on April 1. During its first month, the following events and transactions occurred: Stockholders invested $69,000 cash in exchange for common stock of the corporation April: 1 1 Hired a secretary-receptionist at a salary of $425 per week, payable monthly. 2 Paid office rent for the month $1,597. (Go ahead and expense this) 3 10 11 17 20 30 Purchased architectural supplies on account from Moncada Company $1,123. Completed blueprints on a carport and billed client $2,028 for services. Received $777 cash advance from S. Stevens to design a new home. Received a check in the mail for $1,028 from customer billed on April 10. Received $2,803 cash for services completed and delivered to D. Boggs. Paid secretary-receptionist for the month $1,700. 30 Paid $432 to Moncada Company for accounts payable due. Awesome Accountings' Chart of Accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Unearned Service Revenue, Common Stock, Service Revenue, Salaries Expense, and Rent Expense. Instructions: Journalize the April transactions, Post them to T-Accounts using the Awesome Accounting's Chart of Accounts above, and prepare a Trial Balance.
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