Question

Current Attempt in Progress 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 $21,420 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $446 per week, payable monthly. 2 Paid office rent for the month $1,071. 3 Purchased architectural supplies on account from Burmingham Company $1,547. 10 Completed blueprints on a carport and billed client $2,261 for services. 11 Received $833 cash advance from M. Jason to design a new home. 20 Received $3,332 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1.784. 30 Paid $357 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 Recordiaumolentries in the order nresented in the problem! A C ENG 0202

Answer 1

Journal Entry credit Date 1-Apr- 2017 Accocent Cash common stock Dehit $ 21420 $21420 No Entry No Entry 2-Apr. Rent cash 1071 1071 Supplies accounts Payable 1547 1547 10-Apr Accounts Receivable Service Revenue 2261 Cash 2261 unearned service Reveaue 833 20-Apy 833 cash service Revenue 3332 3332 30-Ap Salaries Expense Cash 1784 1784 30-Ap Accounts Payable Сар 357 1357