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 $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.
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.)
