On October 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as
Question:
On October 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation and provides consulting services, computer system installations, and custom program development.
Required
Create a table like Exhibit 1.9 using these headings: Cash; Accounts Receivable; Computer Supplies; Computer System; Office Equipment;
Accounts Payable; Common Stock; Dividends; Revenues; and Expenses. Use additions and subtractions within the table to show the dollar effects for each of the following transactions on the individual items of the accounting equation. Show new balances after each transaction.
Data from Exhibit 1.9
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