Journal Entries | |||
Date | Account Titles and Explanation | Debit | Credit |
Apr. 1 | Cash | $24,300 | |
Common Stock | $24,300 | ||
(To record cash invested in the business) | |||
Apr. 1 | No entry | ||
No entry | |||
Please write as "No Entry" in the second line | |||
Apr. 2 | Rent Expense | $1,215 | |
Cash | $1,215 | ||
(To record the payment of rent expense) | |||
Apr. 3 | Supplies | $1,755 | |
Accounts Payable | $1,755 | ||
(To record the purchase of supplies on account) | |||
Apr. 10 | Accounts Receivable | $2,565 | |
Service Revenue | $2,565 | ||
(To record the services provided on account) | |||
Apr. 11 | Cash | $945 | |
Unearned Service Revenue | $945 | ||
(To record the cash received for the services to be performed in future) | |||
Apr. 20 | Cash | $3,780 | |
Service Revenue | $3,780 | ||
(To record the services provided for cash) | |||
Apr. 30 | Salaries and Wages Expense | $2,024 | |
Cash | $2,024 | ||
(To record the payment of salaries and wages expense) | |||
Apr. 30 | Accounts Payable | $405 | |
Cash | $405 | ||
(To record the payment of accounts payable) |
T-Accounts | |||
Cash | |||
4/1. | $24,300 | 4/2. | $1,215 |
4/11. | $945 | 4/30. | $2,024 |
4/20. | $3,780 | 4/30. | $405 |
4/30. | $25,381 | ||
Accounts Receivable | |||
4/10. | $2,565 | ||
4/30. | $2,565 | ||
Supplies | |||
4/3. | $1,755 | ||
4/30. | $1,755 | ||
Accounts Payable | |||
4/30. | $405 | 4/3. | $1,755 |
4/30. | $1,350 | ||
Unearned Service Revenue | |||
4/11. | $945 | ||
4/30. | $945 | ||
Common Stock | |||
4/1. | $24,300 | ||
4/30. | $24,300 | ||
Service Revenue | |||
4/10. | $2,565 | ||
4/20. | $3,780 | ||
4/30. | $6,345 | ||
Salaries and Wages Expense | |||
4/30. | $2,024 | ||
4/30. | $2,024 | ||
Rent Expense | |||
4/2. | $1,215 | ||
4/30. | $1,215 |
AYAYAI ARCHITECTS INC. | ||
Trial Balance | ||
For the Month Ended April 30, 2022 | ||
Debit | Credit | |
Cash | $25,381 | |
Accounts Receivable | $2,565 | |
Supplies | $1,755 | |
Accounts Payable | $1,350 | |
Unearned Service Revenue | $945 | |
Common Stock | $24,300 | |
Service Revenue | $6,345 | |
Salaries and Wages Expenses | $2,024 | |
Rent Expense | $1,215 | |
Totals | $32,940 | $32,940 |
Question 2 Ayayai Architects incorporated as licensed architects on April 1, 2022. During the first month...
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...
Pronghor 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 $22,050 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $459 per week, payable monthly 2 Paid office rent for the month $1,103 3 Purchased architectural supplies on account from Burmingham Company $1,593. 10 Completed blueprints on a carport and billed client $2,328...
Problem 3-OSA 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...
Swifty 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 $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...
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
Stockholders invested $19,890 cash in exchange for common stock
of the corporation.
1
Hired a secretary-receptionist at a salary of $414 per week,
payable monthly.
2
Paid office rent for the month $995.
3
Purchased architectural supplies on account from Burmingham
Company $1,437.
10
Completed blueprints on a carport and billed client...
Problem 3-05A Bramble 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 $23,040 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $480 per week, payable monthly. Paid office rent for the month $1,152. Purchased architectural supplies on account from Burmingham Company $1,664. Completed blueprints on...
Ayayal 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 $18,360 cash in exchange for common stock of the corporation 1 Hired a secretary-receptionist at a salary of $383 per week, payable monthly. 2 Paid office rent for the month $918. 3 Purchased architectural supplies on account from Burmingham Company $1,326. 10 Completed blueprints on a carport and billed client $1,938...
Concord 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 $27.000 cash in exchange for common stock of the corporation 1 Hired a secretary-receptionist at a salary of $562 per week, payable monthly 2 Paid office rent for the month $1,350. 3 Purchased architectural supplies on account from Burmingham Company $1,950. 10 Completed blueprints on a carport and billed client $2,850...
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...
Ayala Architects incorporated as licensed architects on April 1,
2017. During the first month of the operation of the business,
these events and transactions occurred:
Apr. 1
Stockholders invested $18,270 cash in exchange for common stock
of the corporation.
1
Hired a secretary-receptionist at a salary of $381 per week,
payable monthly.
2
Paid office rent for the month $914.
3
Purchased architectural supplies on account from Burmingham
Company $1,320.
10
Completed blueprints on a carport and billed client $1,929...