Question

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 for services. 11 Received $714 cash advance from M. Jason to design a new home. 20 Received $2,856 cash for services completed and delivered to S. Mel 30 Pald secretary-receptionist for the month $1,532. 30 Paid $306 to Burmingham Company for accounts payable due. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter o 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 Version 4

Answer 1

Date	Account titles and explanation	Debit	Credit
Apr 1	Cash	$18360
	Common stock		$18360
	(To record cash invested in exchange of common stock)
Apr 1	No Entry	0
	No Entry		0
Apr 2	Rent Expense	$918
	Cash		$918
	(To record rent paid)
Apr 3	Supplies	$1326
	Accounts payable		$1326
	(To record supplies purchased on account)
Apr 10	Accounts receivable	$1938
	Service revenue		$1938
	(To record billed client for services)
Apr 11	Cash	$714
	Unearned service revenue		$714
	(To record cash received in advance)
Apr 20	Cash	$2856
	Service revenue		$2856
	(To record cash received for services completed)
Apr 30	Salaries and wages expense	$1532
	Cash		$1532
	(To record salaries and wages paid)
Apr 30	Accounts payable	$306
	Cash		$306
	(To record cash paid)

2)

Cash
4/1	$18360	4/2	918
4/11	714	4/30	1532
4/20	2856	4/30	306
Bal.	$19174
Accounts Receivable
4/10	1938
Bal.	1938
Supplies
4/3	1326
Bal.	1326
Accounts Payable
4/30	306	4/3	1326
		Bal.	1020
Unearned Service Revenue
		4/11	714
		Bal.	714
Common Stock
		4/1	18360
		Bal.	18360
Service Revenue
		4/10	1938
		4/20	2856
		Bal.	4794
Salaries and Wages Expense
4/30	1532
Bal.	1532
Rent Expense
4/2	918
Bal.	918

3)

AYAYAI ARCHITECTS INC.
Trial Balance
April 30, 2022
	Debit	Credit
Cash	$19174
Accounts receivable	1938
Supplies	1326
Accounts payable		1020
Unearned service revenue		714
Common stock		18360
Service revenue		4794
Salaries and wages expense	1532
Rent expense	918
	$24888	$24888

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