Shaun Wilcox, an architect, opened an office on April 1, 2006. During the month, he...
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Accounting
Shaun Wilcox, an architect, opened an office on April 1, 2006. During the month, he completed the following transactions connected with his professional practice:
Transferred cash from a personal bank account to business, $17,500.
Purchased used automobile for $15,300, paying $4,000 cash and giving a note payable for the remainder.
Paid April rent for office and workroom, $2,200.
Paid cash for supplies, $660.
Purchased office and computer equipment on account, $5,200.
Paid cash for annual insurance policies on automobile and equipment, $1,200.
Received cash from a client for plans delivered, $3,725.
Paid cash to creditors on account, $1,800.
Paid cash for miscellaneous expenses, $235.
Received invoice for design service, due in May, $650.
Recorded fee earned on plans delivered, payment to be received in May, $3,500.
Paid salary of assistant, $1,300.
Paid cash for miscellaneous expenses, $105.
Paid installment due on note payable, $200.
Paid gas, oil, and repairs on automobile for April, $115.
Required: Prepare General Journal, General Ledger and Trial Balance
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