Foyle Architects incorporated as licensed architects on April 1, 2014. During th

Question

Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the operation of the business, these events and transactions occurred:

Paid $342 to Burlington Company for accounts payable due

A)Find Journalize the transactions

B) Post to the ledger T-accounts

C) Prepare a trial balance on April 30, 2014.

Apr. 1 Stockholders invested $20,536 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $428 per week, payable monthly. 2 Paid office rent for the month $1,027. 3 Purchased architectural supplies on account from Burlington Company $1,483. 10 Completed blueprints on a carport and billed client $2,168 for services. 11 Received $799 cash advance from J. Madison to design a new home. 20 Received $3,195 cash for services completed and delivered to M. Svetlana. 30 Paid secretary-receptionist for the month $1,712. 30

Paid $342 to Burlington Company for accounts payable due

Explanation / Answer

1.Journal transactions:

2.T- accounts

cash

Advance received account

Payables

purchases

Receivebles

Rent

Sales

Salary

3.Trail balance as on April 30,2014

Total $27,839 $27,839

date particular debit credit August 1 Cash $20,536 common stock $20,536 August 2 Rent $1,027 cash $1,027 august 3 Purchases $1,483 payables $1,483 August10 receivables $2,168 sales $2,168 August 11 cash $799 advance received $799 August 20 cash $3,195 sales $3,195 august 30 salary $1,712 cash $1,712 august30 payables $342 cash $342

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