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"P3-5A Towne Architects incorporated as licens...




"P3-5A Towne Architects incorporated as licensed architects on April 1, 2012. During the first month of the operation of the business, these events and transactions occurred: April 1: Stockholders invested $18,000 cash in exchange for common stock of the corporation. April 1: Hired a secretary-receptionist at a salary of $375 per week, payable monthly. April 2: Paid office rent for the month $900. April 3: Purchased architectural supplies on account from Spring Green Company $1,300. April 10: Completed blueprints on a carport and billed client $1,900 for services. April 11: Received $700 cash advance from J. Madison to design a new home. April 20: Received $2,800 cash for services completed and delivered to M. Svetlana. April 30: Paid secretary-receptionist for the month $1,500. April 30: Paid $300 to Spring Green Company for accounts payable due. The company uses these accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Unearned Service Revenue, Common Stock, Service Revenue, Salaries and Wages Expense, and Rent Expense. QUESTIONS: (1) Journalize the transactions, including explanations. (2) Post to the ledger T accounts. (3) Prepare a trial balance on April 30, 2012.",were can i find the answer?


Paper#3193 | Written in 18-Jul-2015

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