I need help with an accounting problem

Nov 6th, 2015
Business Finance
Price: $25 USD

Question description


Foyle Architects incorporated as licensed
architects on April 1, 2014. During the first month of the operation of the
business, 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







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.


  • (a) Journalize
         the transactions, including explanations.

  • (b) Post to the
         ledger T-accounts.

  • (c) Prepare a
         trial balance on April 30, 2014.

  • c) Cash






     Tot. trial balance







(c) Cash






 Tot. trial balance


Tutor Answer

(Top Tutor) Mercy K
School: University of Maryland

Studypool has helped 1,244,100 students

Review from student
" The best tutor out there!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors