Reference no: EM132648386

Ken Jones, an architect, organized Jones Architects on April 1, 20Y2.

During the month, Jones Architects completed the following transactions:

1. Transferred cash from a personal bank account to an account to be used for the business in exchange for Common Stock, $54,000.
2. Purchased used automobile for $35,000, paying $8,100 cash and giving a note payable for the remainder. 
3. Paid April rent for office and workroom, $5,400. 
4. Paid cash for supplies, $2,590. 
5. Purchased office and computer equipment on account, $10,800. 
6. Paid cash for annual insurance policies on automobile and equipment, $3,600. 
7. Received cash from a client for plans delivered, $13,500. 
8. Paid cash to creditors on account, $3,130. 
9. Paid cash for miscellaneous expenses, $375. 
10. Received invoice for blueprint service, due in May, $1,800. 
11. Recorded fees earned on plans delivered, payment to be received in May, $9,300. 
12. Paid salary of assistant, $2,900. 
13. Paid cash for miscellaneous expenses, $1,450. 
14. Paid installment due on note payable, $430. 
15. Paid gas, oil, and repairs on automobile for April, $700.