Question

Ayala 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 $18,000 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $375 per week, payable monthly. 2 Paid office rent for the month $900. 3 Purchased architectural supplies on account from Burmingham Company $1,300. 10 Completed blueprints on a carport and billed client $1,900 for services. 11 Received $700 cash advance from M. Jason to design a new home. 20 Received $2,800 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1,500. 30 Paid $300 to Burmingham Company for accounts payable due.

Ayala Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred: Stockholders invested $18,000 cash in exchange for common stock of the corporation. Apr. 1 1 Hired a secretary-receptionist at a salary of $375 per week, payable monthly. Paid office rent for the month $900. 2 Purchased architectural supplies on account from Burmingham Company $1,300. 3 Completed blueprints on a carport and billed client $1,900 for services. 10 Received $700 cash advance from M. Jason to design a new home. 11 Received $2,800 cash for services completed and delivered to S. Melvin. 20 Paid secretary-receptionist for the month $1,500. 30 Paid $300 to Burmingham Company for accounts payable due. 30

Answer 1

Cash
4/1	18000	4/2	900
4/11	700	4/30	1500
4/20	2800	4/30	300
Bal.	18800

Cash balance = total of debit side – total of credit side

Accounts payable
4/30	300	4/3	1300
		Bal.	1000

Accounts payable = total of credit side – total of debit side

Salaries and wages expense
4/30	1500
Bal.	1500

Salaries and wages expense are debited