Business, 22.09.2020 15:01 cooboy

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 $18,990 cash in exchange for common stock of the corporation.
1 Hired a secretary-receptionist at a salary of $396 per week, payable monthly.
2 Paid office rent for the month $950. 3 Purchased architectural supplies on account from Burmingham Company $1,372.
10 Completed blueprints on a carport and billed client $2,005 for services.
11 Received $739 cash advance from M. Jason to design a new home.
20 Received $2,954 cash for services completed and delivered to S. Melvin.
30 Paid secretary-receptionist for the month $1,584.
30 Paid $317 to Burmingham Company for accounts payable due.

Required:
Journalize the transactions.

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Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the...

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