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P3-5A :F.L. Wright Architects incorporated as licensed architects on April 1, 2007. During the first month of the operation of the business, these events and transactions occurred:Stockholders invested $ 14,000 cash in exchange for common stock of the corporation.1Hired a secretary-receptionist at a salary of $ 375 per week, payable monthly. 2Paid office rent for the month $ 900.3Purchased architectural supplies on account from Spring Green Company $ 1000.Completed blueprints on a carport and billed client $ 1,100 for services.Received $ 500 cash advance from J. Madison to design a new home.Received $ 2,300 cash for services completed and delivered to M. Svetlana.Paid secretary-receptionist for the month $ 1,500.Paid $ 100 to Spring Green Company for accounts payable due.The company uses these accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Unearned Revenue, Common Stock, Service Revenue, Salaries Expense, and Rent Expense.Instructions(a)Journalize the transactions, including explanations.(b)Post to the ledger T accounts.(c)Prepare a trial balance on April 30, 2007.
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