Foyle Architects incorporated as licensedarchitects on April 1, 2014. During the first month of the operation of thebusiness, these events and transactions occurred:
Journalize transactions,post, and prepare a trial balance.
Stockholders invested $18,000 cash in exchange for common stock of the corporation.
Hired a secretary-receptionist at a salary of $375 per week, payable monthly.
Paid office rent for the month $900.
Purchased architectural supplies on account from Burlington Company $1,300.
Completed blueprints on a carport and billed client $1,900 for services.
Received $700 cash advance from J. Madison to design a new home.
Received $2,800 cash for services completed and delivered to M. Svetlana.
Paid secretary-receptionist for the month $1,500.
Paid $300 to Burlington Company for accounts payable due.
The company uses these accounts: Cash,Accounts Receivable, Supplies, Accounts Payable, Unearned Service Revenue,Common Stock, Service Revenue, Salaries and Wages Expense, and Rent Expense.
Tot. trial balance
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