Question

Concord 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 $27.000 cash in exchange for common stock of the corporation 1 Hired a secretary-receptionist at a salary of $562 per week, payable monthly 2 Paid office rent for the month $1,350. 3 Purchased architectural supplies on account from Burmingham Company $1,950. 10 Completed blueprints on a carport and billed client $2,850 for services. 11 Received $1,050 cash advance from M. Jason to design a new home. 20 Received $4.200 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $2.248 30 Paid $450 to Burmingham Company for accounts payable due Journalize the transactions, (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 not indent manually. Record journal entries in the order presented in the problem.) Date Account Tities and Explanation Debit Credit

Answer 1

Ans: Journal entries

Date	Account title and explanation	Debit($)	Credit($)
April 1	Cash	$27,000
	common stock		$27,000
	(being stockholder invested $27,000 in exchange for cash)
April 1	No entry Required
April 2	Office rent	$1,350
	Cash		$1,350
	( being office rent paid in cash)
April 3	Supplies	$1,950
	Account Payable		$1,950
	( being purchased on account)
April 10	Accounts Receivables	$2,850
	Service Revenue		$2,850
	(being billed client for services)
April 11	Cash	$1,050
	Unearned Revenue		$1,050
	(Being received in advance)
April 20	Cash	$4,200
	Service Revenue		$4,200
	( being received for services)
April 30	Salary Expense	$2,248
	Cash		$2,248
	(Being Paid to secretary receptionist)
April 30	Accounts Payable	$450
	Cash		$450
	(Being Paid for accounts Payable)