Question

Pronghor Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested $22,050 cash in exchange for common stock of the corporation. 1 Hired a secretary-receptionist at a salary of $459 per week, payable monthly 2 Paid office rent for the month $1,103 3 Purchased architectural supplies on account from Burmingham Company $1,593. 10 Completed blueprints on a carport and billed client $2,328 for services 11 Received $858 cash advance from M. Jason to design a new home. 20 Received $3,430 cash for services completed and delivered to S. Melvin. 30 Paid secretary receptionist for the month $1,836. 30 Paid $368 to Burmingham Company for accounts payable due Your answer is correct. Journalize the transactions. (If no entry is required, select "No entry for the account titles and enter o 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.) Date Account Titles and Explanation Debit Credit Apr. 1 22.050 Common Stock 22.050 Apr 1 No Entry

Answer 1

Answer

· Everything is CORRECT, except for TRIAL BALANCE error.

· You have not entered the correct ENDING balances.

· Correct Amounts

	Debit	Credit
Cash	$ 23031 [you have entered $22050, which is the beginning balance]
Service Revenue		$ 5758 [you have entered $ 5748]
Total	$29,891	$29,891