P3-5A | | | | | | | | Part a): | | | | | | | | Date | Account Titles and Explanation | Debit | Credit | | | | | 4/1 | Cash: Stockholders invested $18,000 cash in exchange for common stock | $ 18,000 | | | Common Stock: Stockholder invested $18,000 cash in exchange for common stock | | $ 18,000.00 | | | | | 4/1 | Salaries and Wages Expense: Hired secretary-receptionist at a salary of $375 per week payable monthly | $ 1,500 | | | Accounts Payable: Hired secretary-receptionist at a salary of $375 per week payable monthly | $ 1,500.00 | | | | | 4/2 | Rent Expense: Paid office rent for the month $900 | $ 900.00 | | | Cash: Paid office rent for the month $900 | | $ 900.00 | | | | | 4/3 | Supplies: Purchased architectural supplies on account from Spring Green Company $1,300 | $ 1,300.00 | | | Accounts Payable: Purchased architectural supplies on account from Spring Green Company $1,300 | $ 1,300.00 | | | | | 4/10 | Accounts Receivable: Completed blueprints on a carport and billed client $1,900 for services | $ 1,900.00 | | | Service revenue: Completed blueprints on a carport and billed client $1,900 for services | | $ 1,900.00 | | | | | 4/11 | Cash: Received $700 cash advance from J. Madison to design a new home | $ 700.00 | | | Unearned Service Revenue: Received $700 cash advance from J. Madison to design a new home | $ 700.00 | | | | | 4/20 | Cash: Received $2,800 cash for services completed and delivered to M. Svetlana | $ 2,800.00 | | | Service Revenue: Received $2,800 cash for services completed and delivered to M. Svetlana | $ 2,800.00 | | | | | 4/30 | Accounts Payable: Paid secretary-receptionist for the month $1,500 | $ 1,500.00 | | | Cash: Paid