CA 78.100 0 0 0 4,900 0 0 (1.600) 0 Transaction Impact on Equity Oct. 1) S. Smith invested $48,000 cash, a $20,100 computer system, and $10,000 of office equipment in the company in Increased equity - Stockholder investment exchange for its common stock. Oct. 2) The company paid $3,600 cash for four months' rent (The company's policy is to record prepaid expenses in balance No change in equity sheet accounts) Oct. 3) The company purchased $1,600 of computer supplies Decreased equity - Expense on credit from Masters Office Products Oct. 5) The company paid $2,400 cash for one year's premium on a property and liability insurance policy. (The company's Decreased equity - Expense policy is to record prepaid expenses in balance sheet accounts.) Oct. 6) The company billed Porter Leasing 54,900 for services increased equity - Revenue performed in installing a new web server. Oct. 8) The company paid $1,600 cash for the computer Decreased equity - Expense supplies purchased from Masters Office Products on October 3. Oct. 10) The company hired Grace Smith as a part-time assistant for $150 per day, as needed. Decreased equity - Expense Oct. 12) The company billed Porter Leasing another $1,600 for services performed Decreased equity - Expense Oct. 15) The company received $4,900 cash from Porter Leasing as partial payment on its account. Increased equity - Revenue Oct. 17) The company paid $1,000 cash to repair computer Decreased equity - Expense equipment that was damaged when moving it. Oct. 20) The company paid $1,900 cash for advertisements published in the local newspaper Decreased equity - Expense Oct. 22) The company received $1,600 cash from Porter Leasing on its account Increased equity - Revenue Oct. 28) The company billed ABC Company S5.400 for No change in equity services performed Oct. 31) The company paid $1,050 cash for Grace Smith's wages for seven days work Oct. 31) The company paid $5,000 cash in dividends. Nov. 1) The company reimbursed S. Smith in cash for business automobile mileage allowance (Smith logged 1,000 miles at $0.32 per mile) Nov. 2) The company received $4,800 cash from Hayes Corporation for computer services performed Nov. 5) The company purchased computer supplies for $1,200 cash from Masters Office Products Nov 8) The company billed Kuhl Co. $2,200 for services performed Nov 13) The company received notification from Kennedy Engineering Co that TechnoSmith's bid of $4.050 for an S (1.000) (1.900) 1,600 0