Question: Problem 3-5A Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and

 Problem 3-5A Ayala Architects incorporated as licensed architects on April 1,

Problem 3-5A 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 $18,450 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $384 per week, payable monthly. 2 Paid office rent for the month $923. 3 Purchased achitectual supplies on account from Burmingham Company $1,333 10 Completed blueprints on a carport and billed dlient $1,948 for services 11 Received $718 cash advance from M. Jason to design a new home 20 Received $2,870 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1,536. 30 Paid $308 to Burmingham Company for accounts payable due. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter O 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)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!