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.