1 On October 1, 2019. Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2019. The company's initial chart of accounts follows. 20 points No. 301 302 403 eBook Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. Account 101 S. Rey, Capital 106 S. Rey. Withdrawals 126 Computer Services Revenue 128 Wages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer 623 655 676 677 684 Print References Oct. 1 s. Rey invested $51,000 cash, a $26,000 computer system, and $8,000 of office equipment in the company 2 The company paid $3,280 cash for four months rent. Hint: Debit Prepaid Rent for $3,280. 3 The company purchased $1,380 of computer supplies on credit from Harris Office Products. 5 The company paid $2,040 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $2,040. 6 The company billed Easy Leasing $5,200 for services performed in installing a new Web server. 8 The company paid $1,380 cash for the computer supplies purchased from Harris Office Products on October 3. 10 The company hired Lyn Addie as a part-time assistant. 12 The company billed Easy Leasing another $1,400 for services performed. 15 The company received $5,200 cash from Easy Leasing as partial payment on its account. 17 The company paid $800 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,688 cash for advertisements published in the local newspaper. 22 The company received $1,400 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,508 for services performed. 31 The company paid $735 cash for Lyn Addie's wages for seven days work. 31 S. Rey withdrew $3,200 cash from the company for personal use. Nov. 1 The company reimbursed s. Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at $0.22 per mile). 2 The company received $5,433 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,095 cash from Harnis office Products 8 The company billed Gomez Co. $6,268 for services performed. 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed. 18 The company received $2,708 cash from IFM Company as partial payment of the October 28 bili. 22 The company paid $150 cash for miscellaneous expenses. Hint. Debit Miscellaneous Expense for $150. 24 The company completed work and sent a bill for $4,750 to Alexis Engineering Co. 25 The company sent another bill to IFM Company for the past-due amount of $2,800. 28 The company reimbursed s. Rey in cash for business automobile mileage 1.200 miles at $0.22 per mile). 30 The company paid $1,470 cash for Lyn Addie's wages for 14 days work. 30 5. Rey withdrew $1,200 cash from the company for personal use. Required: 1. Prepare journal entries to record each of the above transactions for Business Solutions