Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

View Policies Current Attempt in Progress 1 2 Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation

image text in transcribed
image text in transcribed
image text in transcribed
View Policies Current Attempt in Progress 1 2 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 Stockholders invested $18,000 cash in exchange for common stock of the corporation Hired a secretary-receptionist at a salary of $375 per week, payable monthly Paid office rent for the month $900. 3 Purchased architectural supplies on account from Burmingham Company $1,300. Completed blueprints on a carport and billed client $1,900 for services. Received $700 cash advance from M. Jason to design a new home. Received $2,800 cash for services completed and delivered to 5. Melvin. Paid secretary-receptionist for the month $1,500. 30 Paid $300 to Burmingham Company for accounts payable due. 10 11 20 30 Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Date RE D NWP Assessment Player Ul App X ment.player/index.htm Maunchid-8062356e-d070-4140-900b-73411957430/questioni Question 2 of 2 - / 11 Post to the leder T-accounts. (Post entries in the order of Journal entries presented in the question Cash COM 4/1 Accounts Receivable 4/10 Supplies Accounts Payable Uneared Service Revente Common Stock Service Re Salaries and Wages Expense Rem Exp Question 2 of 2 - / 11 Paid Secretary receptionist for the month $1.500 Paid $300 to Burmingham Company for accounts payable due 30 Journalize the transactions. Of no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically Indented when amount is entered. Do not Indent manual Record Journal entries in the order presented in the probleme Date Account Titles and Explanation Cash Debit Credit Apr1 18000 Common Stock Aor 2 Rent Expert 900 Apr Supplies 1300 Accounts Payable Ape 10 Accounts Receivable 1900 Service Revenue A 11 700 Uncamed Service Ar 20 Cash 2800 Service Revenue Apr 30 v Salaries and Wages Expense 200 Cash . e Textbook and Media s

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Auditing Real Issues And Cases

Authors: Michael C. Knapp

7th Edition

0324658052, 978-0324658057

More Books

Students also viewed these Accounting questions