Question

Problem 3-05A Whispering Winds 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 1 2 3 10 11 20 30 30 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 Paid office rent for the month $995. Purchased architectural supplies on account from Burmingham Company $1,437. Completed blueprints on a carport and billed client $2,100 for services. Received $774 cash advance from M. Jason to design a new home. 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.

Answer 1

Credit Debit 19,890 $ Date Account titles and explanations Apr-01 Cash Common Stock (Invested cash in exchange of coommon stock) $ 19,890 Apr-01 No entry required $ 995 Apr-02 Rent expense Cash (Paid office rent for the month) $ 995 $ 1,437 Apr-03 supplies Accounts Payable (Purchased architectural supplies on account) $ 1,437 $ 2,100 Apr-10 Accounts Receivable Service Revenue (to record service revenue receivable) $ 2,100 $ 774 Apr-11 Cash Unearned service revenue (Unerned revenue received in advance) $ 774 $ 3,094 Apr-20 Cash Service revenue (Service revenue received) $ 3,094 $ 1,656 Apr-30 Salaries and wages Expense Cash (To record payment of salary expense) $ 1,656 $ 332 Apr-30 Accounts Payable Cash (To record payment of accounts payable) $ 332

995 Apr-01 $ Apr-11 $ Apr-20$ Cash 19,890 774 3,094 20,775 Apr-02 $ Apr-30 $ Apr-30 $ 1,656 332 Bal s Apr-10 $ Accounts Receivable 2,100 2,100 Apr-03 $ Supplies 1,437 Bal 1,437 Accounts Payable Apr-03 $ Apr-30 $ 332 1,437 Bal 1,105 Unearned Service revenue Apr-11 $ 774 Bal 774 common stock Apr-01 $ 19,890 Bal 19,890 Service Revenue Apr-10 $ Apr-20$ 2,100 3,094 Bal 5,194 Salaries and wages expense 1,656 Apr-30 $ Bal 1,656 Apr-02 $ Rent expense 995 995

WHISPERING WINDS ARCHITECTS INC. Trial balance For the month of April 2022 Cash 20,775 Accounts Receivable 2,100 Supplies 1,437 Accounts Payable Unearned Service revenue common stock Service Revenue Salaries and wages expense 1,656 Rent expense $ 995 $ $ 1,105 774 19,890 5,194 $ $ 26,963 $ 26,963