Reference no: EM132599212

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.

Question 1: 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.)

Question 2: Post to the ledger T-accounts. (Post entries in the order of journal entries presented in the question.)

Question 3: Prepare a trial balance on April 30, 2014.