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Towne Architects incorporated as licensed architects on April 1, 2012. During the first month of the operation of the business, these events and transactions occurred:
Towne Architects incorporated as licensed architects on April 1, 2012. During the first month of the operation of the business, these events and transactions occurred: April 1 Stockholders invested $17,859 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $446 per week, payable monthly. 2 Paid office rent for the month $1,072. 3 Purchased architectural supplies on account from Spring Green Company $1,191. 10 Completed blueprints on a carport and billed client $1,786 for services. 11 Received $595 cash advance from J. Madison to design a new home. 20 Received $2,738 cash for services completed and delivered to M. Svetlana. 30 Paid secretary-receptionist for the month $1,784. 30 Paid $357 to Spring Green Company for accounts payable due. Journalize the transactions
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