Acc290 Financial Accounting: P3-5A Sunflower Architects incorporated as licensed architects

Acc290 Financial Accounting

Sunflower Architects incorporated as licensed architects on April 1, 2010. During the first month of the operation of the business, these events and transactions occurred:
1-Apr Stockholders invested $15,000 cash in exchange for common stock of the corporation.
1 Hired a secretary-receptionist at a salary of $375 per week, payable monthly.
2 Paid office rent for the month $900.
3 Purchased architectural supplies on account from Spring Green Company $1,000.
10 Completed blueprints on a carport and billed client $1,500 for services.
11 Received $500 cash advance from J. Madison to design a new home.
20 Received $2,300 cash for services completed and delivered to M. Svetlana.
30 Paid secretary-receptionist for the month $1,500.
30 Paid $300 to Spring Green Company for accounts payable due.

(a) Journalize the transactions, including explanations. (If no entry is required type No entry for the account and 0 for the amount.)
(b) Post to the ledger T accounts.
(c) Prepare a trial balance on April 30, 2010.
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