Riverbed Architects incorporated as licensed architects on April 1, 2025. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 1 2 3 10 11 20 30 30 4/3 Bal. 4/11 Bal. Stockholders invested $18,450 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $384 per week, payable monthly. Paid office rent for the month $923. Purchased architectural supplies on account from Burmingham Company $1,333. Completed blueprints on a carport and billed client $1,948 for services. Received $718 cash advance from M. Jason to design a new home. Received $2,870 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,536. Paid $308 to Burmingham Company for accounts payable due. Accounts Payable +$1333 $1025 +$718 4/30 Unearned Service Revenue +$718 Bal. -$308 $1025 4/1 4/1 Bal. 4/10 4/20 Bal. Bal. Common Stock +$18450 +$18450 Service Revenue +$1948 +$2870 $4818 $18450 $16606 Cash 4/30 4/30 v V -$1536 -$308

Riverbed Architects incorporated as licensed architects on April 1, 2025. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 1 2 3 10 11 20 30 30 4/3 Bal. 4/11 Bal. Stockholders invested $18,450 cash in exchange for common stock of the corporation. Hired a secretary-receptionist at a salary of $384 per week, payable monthly. Paid office rent for the month $923. Purchased architectural supplies on account from Burmingham Company $1,333. Completed blueprints on a carport and billed client $1,948 for services. Received $718 cash advance from M. Jason to design a new home. Received $2,870 cash for services completed and delivered to S. Melvin. Paid secretary-receptionist for the month $1,536. Paid $308 to Burmingham Company for accounts payable due. Accounts Payable +$1333 $1025 +$718 4/30 Unearned Service Revenue +$718 Bal. -$308 $1025 4/1 4/1 Bal. 4/10 4/20 Bal. Bal. Common Stock +$18450 +$18450 Service Revenue +$1948 +$2870 $4818 $18450 $16606 Cash 4/30 4/30 v V -$1536 -$308

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter3: Processing Accounting Information

Section: Chapter Questions

Problem 3.15MCE: Journal Entries Following is a list of transactions entered into during the first month of...

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