Question

Apr. 1 1 2 3 10 11 20 30 30 Stockholders invested $18,270 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $381 per week, payable monthly. Paid office rent for the month $914. Purchased architectural supplies on account from Burmingham Company $1,320. Completed blueprints on a carport and billed client $1.929 for services. Received $711 cash advance from M. Jason to design a new home. Received $2,842 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,524. Paid $305 to Burmingham Company for accounts payable due. Journalize the transactions. (If 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 entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit < < <

Answer 1

Date	Account Titles and Explanation	Debit	Credit
Apr. 1	Cash	$ 18,270
	Common stock		$ 18,270
	[To record issuance of common stock]
Apr. 1	No entry
Apr. 2	Rent expense	$ 914
	Cash		$ 914
	[To record payment of rent expense]
Apr. 3	Supplies	$ 1,320
	Accounts payable		$ 1,320
	[To record purchase of supplies]
Apr. 10	Accounts receivable	$ 1,929
	Service revenue		$ 1,929
	[To record billed customers for services performed]
Apr. 11	Cash	$ 711
	Unearned revenue		$ 711
	[To record cash received in advance for services performed]
Apr. 20	Cash	$ 2,842
	Service revenue		$ 2,842
	[To record service revenue]
Apr. 30	Salaries expense	$ 1,524
	Cash		$ 1,524
	[To record payment of salaries expense]
Apr. 30	Accounts payable	$ 305
	Cash		$ 305
	[To record paid cash for accounts payable due]