Towne Architects incorporated as licensed architects on April 1,2012. During
the first month of the operation of the business, these events andtransactions occurred:
Apr. 1 Stockholders invested $18,000 cash in exchange forcommon
stock of the corporation.
1 Hired a secretary-receptionist at a salary of $375 perweek,
payable monthly.
2 Paid office rent for the month $900.
3 Purchased architectural supplies on account from SpringGreen
Company $1,300.
10 Completed blueprints on a carport and billed client $1,900for
services.
11 Received $700 cash advance from J. Madison to design a new
home.
20 Received $2,800 cash for services completed and deliveredto
M. Svetlana.
30 Paid secretary-receptionist for the month $1,500.
30 Paid $300 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, Salariesand Wages Expense,
and Rent Expense
I have to make a T ledger account of this information brokendown by date of each transaction and the amount as well as abalance of each category.
Towne Architects incorporated as licensed architects on April 1,2012. During
the first month of the operation of the business, these events andtransactions occurred:
Apr. 1 Stockholders invested $18,000 cash in exchange forcommon
stock of the corporation.
1 Hired a secretary-receptionist at a salary of $375 perweek,
payable monthly.
2 Paid office rent for the month $900.
3 Purchased architectural supplies on account from SpringGreen
Company $1,300.
10 Completed blueprints on a carport and billed client $1,900for
services.
11 Received $700 cash advance from J. Madison to design a new
home.
20 Received $2,800 cash for services completed and deliveredto
M. Svetlana.
30 Paid secretary-receptionist for the month $1,500.
30 Paid $300 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, Salariesand Wages Expense,
and Rent Expense
I have to make a T ledger account of this information brokendown by date of each transaction and the amount as well as abalance of each category.
Related questions
Problem 2-2A (Part Level Submission)
Julia Dumars is a licensed CPA. During the first month of operations of her business, Julia Dumars, Inc., the following events and transactions occurred.
| May 1 | Stockholders invested $20,700 cash in exchange for common stock. | |
| 2 | Hired a secretary-receptionist at a salary of $2,700 per month. | |
| 3 | Purchased $2,400 of supplies on account from Vincent Supply Company. | |
| 7 | Paid office rent of $830 cash for the month. | |
| 11 | Completed a tax assignment and billed client $3,800 for services performed. | |
| 12 | Received $2,500 advance on a management consulting engagement. | |
| 17 | Received cash of $1,800 for services performed for Orville Co. | |
| 31 | Paid secretary-receptionist $2,700 salary for the month. | |
| 31 | Paid 40% of balance due Vincent Supply Company. |
Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.
A.Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
B.
Post to the ledger accounts. (Post entries in the order of journal entries presented in the previous part.)
C.
Prepare a trial balance on May 31, 2017.
