150k views
2 votes
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 $18,270 cash in exchange for common stock of the corporation.1 Hired a secretary-receptionist at a salary of $381 per week, payable monthly.2 Paid office rent for the month $914.3 Purchased architectural supplies on account from Burmingham Company $1,320.10 Completed blueprints on a carport and billed client $1,929 for services.11 Received $711 cash advance from M. Jason to design a new home.20 Received $2,842 cash for services completed and delivered to S. Melvin.30 Paid secretary-receptionist for the month $1,524.30 Paid $305 to Burmingham Company for accounts payable due.Journalize the transactions.Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.)Prepare a trial balance on April 30, 2017.

User Charmie
by
4.8k points

1 Answer

2 votes

Answer and Explanation:

Find attached

Ayala Architects incorporated as licensed architects on April 1, 2017. During the-example-1
Ayala Architects incorporated as licensed architects on April 1, 2017. During the-example-2
Ayala Architects incorporated as licensed architects on April 1, 2017. During the-example-3
User Ruslan Mansurov
by
5.0k points