1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
monitta
4 years ago
13

Ayayai 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 $18,360 cash in exchange for common stock of the corporation.
1 Hired a secretary-receptionist at a salary of $383 per week, payable monthly.
2 Paid office rent for the month $918.
3 Purchased architectural supplies on account from Burmingham Company $1,326.
10 Completed blueprints on a carport and billed client $1,938 for services.
11 Received $714 cash advance from M. Jason to design a new home.
20 Received $2,856 cash for services completed and delivered to S. Melvin.
30 Paid secretary-receptionist for the month $1,532.
30 Paid $306 to Burmingham Company for accounts payable due.
Journalize the transactions.
Business
1 answer:
babymother [125]4 years ago
7 0

Answer:

Ccccc

Explanation:

Journal entries

Apr. 1

Dr Cash 18,360

common stock 18,360

Apr. 1

No entry

Apr. 2

Dr Rent expense 918

Cr Cash 918

Apr. 3

Dr Supplies 1,326

Cr Accounts payable 1,326

Apr. 10

Dr Accounts receivable 1,938

Cr Service revenue 1,938

Apr. 11

Dr Cash 714

Cr Unearned service revenue 714

Apr. 20

Dr Cash 2,856

Cr Service revenue 2,856

Apr. 30

Dr Salaries and wages expenses 1,532

Cr Cash 1,532

Apr. 30

Dr Accounts payable 306

Cr Cash 306

You might be interested in
One of the last items in an order of business is A. new business B. officer reports C. reading the minutes D. treasurer's report
Darya [45]
Jhjhyhbhvgsdshshsjeejebehehehejje
8 0
3 years ago
Read 2 more answers
Which of the following is a benefit of insurance?.
UNO [17]

The ability to receive compensation for losses is insurance's most obvious and crucial benefit. An insurance strategy is a policy used to reimburse people and associations for covered misfortunes.

What is an advantage of having insurance?

By shielding you from potential financial losses or liabilities brought on by unanticipated occurrences, insurance primarily serves to preserve your current wealth.

Describe three advantages of term insurance.

The advantages of purchasing term insurance include the ones listed below: Affordable Premium for a Large Guaranteed Sum. Simple to comprehend. Numerous Options for Paying Out Death Benefits.

Insurance serves a number of purposes, including risk sharing, capital formation, economic development, and other things. Insurance has nothing to do with loans.

To learn more about Insurance strategy here

brainly.com/question/28039582

#SPJ4

8 0
2 years ago
Which management style is characterized by the manager trusting the employees work ability and is best used with employees know
ch4aika [34]
I don’t know my name I don’t play by the rules of the game so you do say I’m not trying
7 0
4 years ago
Which statement BEST reflects an accurate and negative consequence of government regulatory practice on the economy?
zhenek [66]

Answer: it’s D

Explanation:

6 0
3 years ago
Read 2 more answers
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
FinnZ [79.3K]

Answer:

Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)

= 2,850 - (230 * 14.4)

= 462 (Favourable)

Materials price variance = (Standard price - Actual price) * Actual quantity

= [1.8 - (2,850/1,500)] * 1,500

= 150 Unfavourable

Materials quantity variance = (Standard quantity - Actual quantity) * Standard price

= [(230 * 8) - 1,500] * 1.8

= 612 Favourable

Total labour variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)

= 19,458 - (230 * 84)

= 138 Unfavourable

Labour price variance = (Standard rate - Actual rate) *  Actual hours

= [14 - (19,458/1,410)] * 1,410

= 282 Favourable

Labour quantity variance = (Standard hours - Actual hours) * Standard rate

= [(230 * 6) - 1,410] * 14

= 420 Unfavourable

6 0
3 years ago
Other questions:
  • Which type of insurance has flexible premium payments?
    7·1 answer
  • Suppose a stock had an initial price of $70 per share, paid a dividend of $2.30 per share during the year, and had an ending sha
    12·1 answer
  • As the bookkeeper of a new start-up company, you are responsible for keeping the chart of accounts up to date. At the end of eac
    8·1 answer
  • Rainbow Products is considering the purchase of a paint-making machine to reduce labor costs. The savings are expected to result
    15·1 answer
  • In conducting their research, economists often substitute historical events and historical episodes for
    11·1 answer
  • An organization has a standing order with a supplier. the organization has ordered the same product in the same quantity monthly
    6·1 answer
  • WHAT ARE THE NEW LINKEDIN LIMITS?
    12·1 answer
  • If a customer at a Target store brings a purchase to checkout, and the item is not priced, the clerk at the register can ask the
    6·1 answer
  • The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets
    11·1 answer
  • Which of these is an example of land capital?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!