Business, 15.02.2022 07:00 mistysallaberry
Cheyenne Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred:
Apr. 1 Stockholders invested $20,700 cash in exchange for common stock of the corporation.
1 Hired a secretary-receptionist at a salary of $431 per week, payable monthly.
2 Paid office rent for the month $1,035.
3 Purchased architectural supplies on account from Burmingham Company $1,495.
10 Completed blueprints on a carport and billed client $2,185 for services.
11 Received $805 cash advance from M. Jason to design a new home.
20 Received $3,220 cash for services completed and delivered to S. Melvin.
30 Paid secretary-receptionist for the month $1,724.
30 Paid $345 to Burmingham Company for accounts payable due.
Required:
Journalize the transactions.
Answers: 3
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Cheyenne Architects incorporated as licensed architects on April 1, 2022. During the first month of...
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