Problem 3-5A (Part Level Submission) 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. Paid office rent for the month $923. 2 3 Purchased architectural supplies on account from Burmingham Company $1,333. 10 Completed blueprints on a carport and billed client $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.
Problem 3-5A (Part Level Submission) 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. Paid office rent for the month $923. 2 3 Purchased architectural supplies on account from Burmingham Company $1,333. 10 Completed blueprints on a carport and billed client $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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Problem 3-5A (Part Level Submission)
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.
Paid office rent for the month $923.
2
3 Purchased architectural supplies on account from Burmingham Company $1,333.
10 Completed blueprints on a carport and billed client $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.
Paid secretary-receptionist for the month $1,536.
30
30 Paid $308 to Burmingham Company for accounts payable due.
Transcribed Image Text:▼(a)
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.)
Date Account Titles and Explanation
+
#
+
+
#
+
Debit
Credit
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