P3-5A Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the

| January 31, 2017

Question
P3-5A 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:

Apr. 1 Stockholders invested $23,584 cash in exchange for common stock of the corporation.

1 Hired a secretary-receptionist at a salary of $491 per week, payable monthly.

2 Paid office rent for the month $1,179.

3 Purchased architectural supplies on account from Burlington Company $1,703.

10 Completed blueprints on a carport and billed client $2,489 for services.

11 Received $917 cash advance from J. Madison to design a new home.

20 Received $3,669 cash for services completed and delivered to M. Svetlana.

30 Paid secretary-receptionist for the month $1,964.

30 Paid $393 to Burlington Company for accounts payable due.

Don’t show me this message again for the assignment

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.)

Don’t show me this message again for the assignment

Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.)

Prepare a trial balance on April 30, 2014.

Get a 30 % discount on an order above $ 50
Use the following coupon code:
COCONUT
Order your essay today and save 30% with the discount code: COCONUTOrder Now
Positive SSL