Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 Ints Skipped On October 1, 2019, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting

image text in transcribed
image text in transcribed
image text in transcribed
1 Ints Skipped On October 1, 2019, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system installations, and custom program development Oct. 1 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company. 3 The company purchased $1,420 of computer supplies on credit from Harris office Products. 6 The company billed Hasy leasing $4,800 for services performed in installing a new web server. 8 The company paid $1,420 cash for the computer supplies purchased from Harris office Products on October 3. 10 The company hired Lyn Addie as a part-time assistant for 5125 per day, as needed. 12 The company billed Easy Leasing another $1,400 for services performed. 15 The company received $4,800 cash from Easy Leasing as partial paynent toward its account. 17 The company paid $805 canh to repair computer equipment damaged when moving it. 20 The company paid $1,728 canh for advertisements published in the local nevepaper. 22 The company received $1,400 canh from Easy Leaning toward ite Account. 28 The company billed IP Company $5,208 for services performed 31 The company paid $875 cash for Lyn Addie's wages for seven days of work this month. 31 S. Ray withdrew $3,600 cash from the company for personal use. eBook Print Required: Enter the amount of each transaction on Individual items of the accounting equation. Show new balances after each transaction (Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the question data.) Retorences Assets Computer Supplies Accounts - Receivable 5. Rey Computer System Liabilities Accounts Payable Office Equipment Equit 5. Rey, Withdrawals + Cash 7 Capital . 0 014 D 01. O- 0 O + . Date Oct. 1 Oct 3 Bal Oct Bal Octs Bal Oct 10 0 D O 0- 0 01. 0- o + 0 0 0 0 0 - 0 0 ME G Prov 1 of 3 Next > Help Ch 1 Comprehensive Save & Exit Submit Check my work 1 1 Comune Computer Buple Acom Parable Buy Capital By Washidrat Chah Recebe . Revenue . + OB . ol. 0 Oct 1 Oct. Bal Oct BN 0 0. -10 0 points 0 0 0- . . O 0. 0 - 0 01. DI ol 10 + . 4 Oct Bal D. O 0 O. O -0 0- D. . . . - Oct 10 . O 0. Ol O 10 -0 o. 014 ole . Oct 12 . 01 W O. O O. 0 0- -O O + . ON De O- #0 -10 0 ol o 10 . O. 0. O U. 0 0 O. 0- . Oct 15 al Oct 17 tal Oot 20 Bal O 22 B Od 20 . + 0 - 1 0 . O 0 O 10 0 - 0 10 + . . O ID 10 -0 10 -le 01 90 . . 0 + 0 -0 -10 9. D. ol 0 . IE PO Q 10 0 10 0 0 +0 O . + SP OHIS 0 5 Oct 31 Bal b $ 5 -10 $ 5 0$ 011 $ +10 0415 O 5 Prey 103 Next > Check my work 1 1 Ofice Account Accounts Reculvable Computer Supplies Computer Dystem 3. Ray Capital 3. Rey Wthdraws Equipement Eapente . + 20 ins + +10 0 ol -10 ol ol- +10 -10 . + DUE 10 04 0 . -10 +0 0 0 0 - + . + 1 01 06 .0 MO 0 0 - O -0 0 Book . 10 01- O. 0 . 0 0 10 0 0 . - Pin 0 Ol O. OL 10 . +0 . 0 0 10 - -10 . -10 10 0 . 0. -10 D 10 0 wrences . . 04 0 O. . 10 0 + 0 0 . O. O O. ol- 10 - 10 -10 + HO PO O. O 0. . 0 0 0 + 0 . . O O O. 0 04 0 O 0 0 . - O. D 0 0 O 0 . HO 10 -10 - + . 10 $ 10 0 5 045 $ OS 10 $ 5 5 10 5 D Pey 1 of 3 111 Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

16th Edition

007352686X, 978-0073526867

More Books

Students also viewed these Accounting questions