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UOP ACC 290 Week 2 WileyPLUS .pdf



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UOP ACC 290 Week 2 WileyPLUS NEW - 100%
Correct
Check this A+ tutorial guideline at
http://www.assignmentclick.com/acc-290new/acc-290-week-2-wileyplus-new
Question 1
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 $22,450 cash
in exchange for common stock of the
corporation.
1
Hired a secretary-receptionist at a salary
of $468 per week, payable monthly.
2
Paid office rent for the month $1,122.
3
Purchased architectural supplies on
account from Burlington Company $1,621.
10
Completed blueprints on a carport and
billed client $2,370 for services.
11
Received $873 cash advance from J.

Madison to design a new home.
20
Received $3,492 cash for services
completed and delivered to M. Svetlana.
30
Paid secretary-receptionist for the
month $1,872.
30
Paid $374 to Burlington Company for
accounts payable due.
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.)
Post to the ledger T-accounts. (Post entries in
the order of journal entries presented in the
question.)
Prepare a trial balance on April 30, 2014.
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