UOP ACC 290 Week 2 WileyPLUS - 100% Correct
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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.