Towne Architects incorporated as licensed architects on April 1, 2012. During th

Question

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:
Apr. 1 Stockholders invested $18,000 cash in exchange for common
stock of the corporation.
1 Hired a secretary-receptionist at a salary of $375 per week,
payable monthly.
2 Paid office rent for the month $900.
3 Purchased architectural supplies on account from Spring Green
Company $1,300.
10 Completed blueprints on a carport and billed client $1,900 for
services.
11 Received $700 cash advance from J. Madison to design a new
home.
20 Received $2,800 cash for services completed and delivered to
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, Salaries and Wages Expense,
and Rent Expense

I have to make a T ledger account of this information broken down by date of each transaction and the amount as well as a balance of each category.

Explanation / Answer

Belwo are journal entries which will help u in making T accts. Pl rate 5 stars. Thanks

Apr. 1 Stockholders invested $18,000 cash in exchange for common stock of the corporation.

Apr 1 Cash Dr 18000

COmmon Stock Cr 18000

1 Hired a secretary-receptionist at a salary of $375 per week,

payable monthly.

Apr 1 No ENtry

2 Paid office rent for the month $900.

Apr 2 Rent Exp Dr 900

Cash Cr 900

3 Purchased architectural supplies on account from Spring Green Company $1,300.

Apr 3 Supplies Dr 1300

Acct Paybale Cr 1300

10 Completed blueprints on a carport and billed client $1,900 for services.

Apr 10 Acct Rxable Dr 1900

Service Rev Cr 1900

11 Received $700 cash advance from J. Madison to design a new

home.

Apr 11 Cash Dr 700

Unearned Service Rev Cr 700

20 Received $2,800 cash for services completed and delivered to M. Svetlana.

Apr 20 Cash Dr 2800

Service Rev Cr 2800

30 Paid secretary-receptionist for the month $1,500.

Apr 30 Salary & Wage exp Dr 1500

Cash Cr 1500

30 Paid $300 Spring Green Company for accounts payable due.

Apr 30 Acct Payable Dr 300

Cash Cr 300

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