journalize the transactions post to the ledger accounts and prepare a trial balance 654863
Louise Lane incorporated as a licensed architect. During the first month of the operation of her business, the following events and transactions occurred.
|
April 1 |
Invested RM 25,000 cash in exchange for common stock. |
|
1 |
Hired a secretary receptionist at a salary of RM 500 per week payable mont |
|
2 |
Paid office rent for the month RM 1,200. |
|
3 |
Purchased architectural supplies on account from S.M.U Company RM 2,00 |
|
10 |
Completed blueprints on a carport and billed client RM 900 for services. |
|
11 |
Received RM 800 cash advance from Jesse Izzo for the design of a new hom |
|
20 |
Received RM 1,750 cash for services completed and delivered to Clark Ken |
|
30 |
Paid secretary receptionist for the month RM 2,000. |
|
30 |
Paid RM 900 to S.M.U. Company on account. |
Instructions :
Journalize the transactions, post to the ledger accounts and prepare a trial balance on April 30,2006.