Question

Sarasota 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 $24,300 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $506 per week, payable monthly. 2 Paid office rent for the month $1,215. 3 Purchased architectural supplies on account from Burmingham Company $1,755. 10 Completed blueprints on a carport and billed client $2,565 for services. 11 Received $945 cash advance from M. Jason to design a new home. 20 Received $3,780 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $2,024. 30 Paid $405 to Burmingham Company for accounts payable due.

Answer 1

qu5 Apr-1l Cash Unearned Service qu5 Revenue (Being amount received in advance for service to be rendered) Cash Apr -20 3780 S. Melvin(Acoynts Reced vable) (Being cosh received 3980 for services rendered) Apr-30 sa)ary payable Cash (Bóng salary paid) 2024 2024 Apr-30 Burmingham Company 405 Cash 405 (Being cash paid) Scanned with CS CamScanner

Rent expense 125 Apr-30 Balance to be corried Apr-2 Cash 1215 down(Profit and foss Als) 1२।5 1215 SARASOTA ARCHITECTS INC. Balance Trial PB৮ PARTICOLARS Credit 25381 CASH 1215 ACCOUNTS RECGIVABLE 175 5 SUPPIES 1350 Poyoble ACCounts 945 Uncorned Service Revenue 24300 Common Stock 2565 Service Revenue 2024 Salaries and wnge expense |२ऽ Rert expense 30375 30 375 Scanned with CS CamScanner