Question

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 for services. 11 Received $1,050 cash advance from M. Jason to design a new home. 20 Received $4,200 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $2,248. 30 Paid $450 to Burmingham Company for accounts payable due.

Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 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

Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.)

Prepare a trial balance on April 30, 2022. CONCORD ARCHITECTS INC. Trial Balance choose the accounting period For the Month Ended April 30, 2022April 30, 2022For the Year Ended April 30, 2022 Debit Credit

Answer 1

V4 Credit M 5 Dulle Round D Debice O Mounts Receivables Amount Dute 2850 Credit 1 H Canh pete Amount Date Apr 1 27000 for 2 Apr 11 1050 Ar 30 Apr 20 4200 Ar 30 Balance 28203 Amount 1350 Date for 10 Concord Rechts Trial Balance Apr 2000 27000 Crede Balance 28202 2850 1950 3350 1350 Amount Date Credit Date A3 1500 Amount Accounts Payable Amount Date 450 A Date Apr 0 Amount 1950 Cau Accounts Receivables Supoles Accounts Payable uneared Service revenue Common Stock Service Revenue Salaries and stap 1950 100 27000 7050 Balance 1980 Balance Common stock Amount Date for 1 2850 1950 Linderen Amount Date Apr !! Dute 0 2248 1350 36600 Date Amount 1050 Amount 22000 Total 36600 Cash Common Shock (To Record issue of common stock Apri No Entry Apr 2 Rent Cash To Record Rent Bp. For the month) Ars Supplies Accounts Payable To record purchase of supplies Apr 10 Accounts Receivables Service Revenue To record service revenue on account Por 11 Cash Uncanned Service Revenue To Record advance for services Avr 20 Cash Service Revenue To record serviceret Apr 30 salaries and was Bepenses Cash To Record Salaries Aer 30 counts Payable Cars No Recordemento accounts payable + 10 1050 1050 Balance 27000 Salaries and ages Experts Dute Amount Date Amount Aer 30 2245 Service Revenue Amount Date Credit Ar 10 Apr 20 Date 4200 Amount 2850 200 7010 4200 Balance Dale Rentence Am Date Credit Amount Balance to Windo