Please see below to find information on this question. There are three parts to this specific question. 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 $21,420 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $446 per week, payable monthly. 2 Paid office rent for the month $1,071. 3 Purchased architectural supplies on account from Burmingham Company $1,547. 10 Completed blueprints on a carport and billed client $2,261 for services. 11 Received $833 cash advance from M. Jason to design a new home. 20 Received $3,332 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1,784. 30 Paid $357 to Burmingham Company for accounts payable due. 1. 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.) 2. Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.) 3. Prepare a trial balance on April 30, 2017.
Please see below to find information on this question. There are three parts to this specific question. 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 $21,420 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $446 per week, payable monthly. 2 Paid office rent for the month $1,071. 3 Purchased architectural supplies on account from Burmingham Company $1,547. 10 Completed blueprints on a carport and billed client $2,261 for services. 11 Received $833 cash advance from M. Jason to design a new home. 20 Received $3,332 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1,784. 30 Paid $357 to Burmingham Company for accounts payable due. 1. 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.) 2. Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.) 3. Prepare a trial balance on April 30, 2017.
Please see below to find information on this question. There are three parts to this specific question. 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 $21,420 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $446 per week, payable monthly. 2 Paid office rent for the month $1,071. 3 Purchased architectural supplies on account from Burmingham Company $1,547. 10 Completed blueprints on a carport and billed client $2,261 for services. 11 Received $833 cash advance from M. Jason to design a new home. 20 Received $3,332 cash for services completed and delivered to S. Melvin. 30 Paid secretary-receptionist for the month $1,784. 30 Paid $357 to Burmingham Company for accounts payable due. 1. 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.) 2. Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.) 3. Prepare a trial balance on April 30, 2017.
Please see below to find information on this question. There are three parts to this specific question.
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 $21,420 cash in exchange for common stock of the corporation.
1
Hired a secretary-receptionist at a salary of $446 per week, payable monthly.
2
Paid office rent for the month $1,071.
3
Purchased architectural supplies on account from Burmingham Company $1,547.
10
Completed blueprints on a carport and billed client $2,261 for services.
11
Received $833 cash advance from M. Jason to design a new home.
20
Received $3,332 cash for services completed and delivered to S. Melvin.
30
Paid secretary-receptionist for the month $1,784.
30
Paid $357 to Burmingham Company for accounts payable due.
1. 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.)
2. Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.)
3. Prepare a trial balance on April 30, 2017.
Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.
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