Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the

Anonymous
timer Asked: Apr 27th, 2017

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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. 1Stockholders invested $20,700 cash in exchange for common stock of the corporation.
1Hired a secretary-receptionist at a salary of $431 per week, payable monthly.
2Paid office rent for the month $1,035.
3Purchased architectural supplies on account from Burmingham Company $1,495.
10Completed blueprints on a carport and billed client $2,185 for services.
11Received $805 cash advance from M. Jason to design a new home.
20Received $3,220 cash for services completed and delivered to S. Melvin.
30Paid secretary-receptionist for the month $1,724.
30Paid $345 to Burmingham Company for accounts payable due.



Please see questions attached.

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 1 2 3 10 11 20 30 30 Stockholders invested $20,700 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $431 per week, payable monthly. Paid office rent for the month $1,035. Purchased architectural supplies on account from Burmingham Company $1,495. Completed blueprints on a carport and billed client $2,185 for services. Received $805 cash advance from M. Jason to design a new home. Received $3,220 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,724. Paid $345 to Burmingham Company for accounts payable due. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 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 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.) Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a trial balance on April 30, 2017. AYALA ARCHITECTS INC. Trial Balance Debit Credit $ $ $ $

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