Account No. 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 Account Cash Accounts Receivable Computer Supplies Prepaid Insura Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. 301 302 403 623 655 676 677 684 nce Oct. S. Rey invested $52,000 cash, a $23,000 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 $1,390 of computer supplies on credit from Harris Office Products. 5 The company paid $1,800 cash for one year's premium on a property and liability insurance policy. (Hint: Debit Prepaid Insurance for $1,800.) 6 The company billed Easy Leasing $5,400 for services performed in installing a new Web server 8 The company paid $1,390 cash for the computer supplies purchased from Harris Office Products on October 10 The company hired Lyn Addie as a part-time assistant for $150 per day, as needed. 12 The company billed Easy Leasing another $1,600 for services performed 15 The company received $5,400 cash from Easy Leasing as partial payment on its account. 17 The company paid $795 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,698 cash for advertisements published in the local newspaper. 22 The company received $1,600 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,308 for services performed. 31 The company paid $1,050 cash for Lyn Addie's wages for seven days' work 31 S. Rey withdrew $2,800 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 $0.28 per mile). 2 The company received $5,033 cash from Liu Corporation for computer services performed 5 The company purchased computer supplies for $1,070 cash from Harris Office Products 8 The company billed Gomez Co. $6,368 for services performed 13 The company received notification from Alex's Engineering Co. that Business Solutions's bid of $4,650 for an upcoming project was accepted. 18 The company received $1,708 cash from IFM Company as partial payment of the October 28 bill. 22 The company donated $220 cash to the United Way in the company's name 24 The company completed work for Alex's Enqineering Co and sent Alex's a bill for $4,650 25 The company sent another bil1 to IFM Company for the past-due amount of $3,600. 28 The company reimbursed S. Rey in cash for business automobile mileage (1,200 miles at $0.28 per mile) 30 The company paid $2,100 cash for Lyn Addie's wages for 14 days' work. 30 S. Rey withdrew $1,000 cash from the company for personal use 101: Cash 106: Accounts Receivable Date Debit Credit Balance Date Debit Credit Balance 301: S. Rey, Capital Debit 302: S. Rey, Withdrawals Credit Date Credit Balance Date Debit Balance 403: Computer Services Revenue 623: Wages Expense Date Debit Credit Balance Date Debit Credit Balance 655: Advertising Expense 676: Mileage Expense Date Debit Credit Balance Date Debit Credit Balance 677: Miscellaneous Expenses 684: Repairs Expense-Computer Date Debit Credit Balance Date Debit Credit Balance
