Question
Stockholders invested $19,890 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $414 per week, payable monthly.
Stockholders invested $19,890 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $414 per week, payable monthly. Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 1 2 Paid office rent for the month $995. 3 Purchased architectural supplies on account from Burmingham Company $1,437. 10 Completed blueprints on a carport and billed client $2,100 for services. 11 20 20 Received $774 cash advance from M. Jason to design a new home. 30 30 Received $3,094 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,656. Paid $332 to Burmingham Company for accounts payable due. Post to Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Common Stock
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