Accountancy Assignment
ACC 290 Week 2 Individual WileyPLUS Assignment
Problem 3-5A
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:
April 1 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.
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Problem 3-5A
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:
April 1 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.
To purchase this material click below link www.assignmentcloud.com/ACC-290/ACC-290-Week-2-Individual-WileyPLUS-Assignment For more classes visit
www.assignmentcloud.com