Question

ala Architects incorporated as licensed architects on Apri 1, 2017. During the first month of the operation of the business, these events and transactions occurred pr. 1 Stockholders invested $24,930 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $519 per week, payable monthly 2 Paid office rent for the month $1,246 3 Purchased architectural supplies on account from Burmingham Company $1,800. 10 Completed blueprints on a carport and billed client $2,631 for services. 11 Received $969 cash advance from M. Jason to design a new home. 20 Received $3,878 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptiorkst for the month $2,076. 30 Paid $415 to Burmingham Company for accounts payable due. 回Your answer is correct. Journalize the transactions. (If no entry is required, select "No entry for the account sitles and enter O for the amounts. Credit account titles are automatica presented in the problem) Account Titles and Expl Date y Policy l

Answer 1

The answers to question is solved by passing journal entries and followed by t accounts.

Journal entfes For the period ending, 30,Api bate l Account Titles & Cxplanalo hist($) (r Ac counts Rrceérables 24930 $1246 Sevice 2634 BrD261 Commem sto 24930 tock 6 34 2634 Servite A1No entr To Srie 3878 6040 29777 24717 April Renxpense Cash Peing oice Supplles AcCountt pavabe id To payables 1800 pliee tlKoo. Ap 1800 counts payab 1300 eing Supplies Purthased fom burmins 2634 ce Revenue 2634 2493 eing Stxvice pvided 06 a6a ua3o uneaYed Sevice Revenue 69 Cervjce Levenue Being advance Received fom 387 650 3878 .Sexvice Revtnue 3878 6509 246 4246 Reing sevte Provided fer Cas h . Salay& wagux 2076 076 2076 2025 cash paid to Alc payabes