Question

1 Problem 3-OSA (Part Level Submission) Monty 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 $22,770 cash in exchange for common stock of the corporation, Hired a secretary-receptionist at a salary of $474 per week, payable monthly 2 Paid office rent for the month $1,138. 3 Purchased architectural supplies on account from Burmingham Company $1,644. 10 Completed blueprints on a carport and billed dient $2,403 for services. 11 Received $885 cash advance from M. Jason to design a new home. 20 Received $3,542 cash for services completed and delivered to S. Melvin. 30 Paid secretary receptionist for the month $1,896. 30 Pald $379 to Burmingham Company for accounts payable due

Answer 1

Date	Journal	Debit	Credit
Apr 1	Cash	22770
	Common Stock		22770
	(To Record issue of common stock)
Apr 1	No Entry
Apr 2	Rent	1138
	Cash		1138
	(To Record Rent Exp. For the month)
Apr 3	Supplies	1644
	Accounts Payable		1644
	(To Record Purchase of supplies)
Apr 10	Accounts Receivables	2403
	Service Revenue		2403
	(To record service revenue on account)
Apr 11	Cash	885
	Unearned Service Revenue		885
	(To Record advance for services)
Apr 20	Cash	3542
	Service Revenue		3542
	(To record service revenue)
Apr 30	Salaries and wages Expenses	1896
	Cash		1896
	(To Record Salaries exp.)
Apr 30	Accounts Payable	379
	Cash		379
	(To Record Payment to accounts payable)