Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you please fill the whole chart. On October 1, 2021. Santana Rey launched a computer services company, Business Solutions, that is organized as a

can you please fill the whole chart.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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 October 1 5. Rey invested $45,000 cash a $20,000 computer system, and $8,000 of office equipment in the company in exchange for its common stock: October 3 The company purchased $1,420 of computer supplies on credit. October 6 The company billed Easy Leasing 54,800 for services performed in installing a new web server, October 8 The company paid $1,420 cash for the computer supplies purchased on credit on October 3. October 10 The company hired a part-time assistant. October 12 The company billed Easy Leasing another $1,400 for services performed October 15 The company received $4,800 cash from Easy Leasing as partial payment toward its account. October 17 The company paid $805 cash to repair its computer equipment October 20 The company paid $1,728 cash for advertisements published on Facebook October 22 The company received 51,400 cash from Easy Leasing toward its account October 28 The company billed IFM Company $5,208 for services performed October 31 The company paid $875 cash for the assistant's wages for this month October 31 the company paid $3,000 cash in dividends to the owner (sole shareholder) Required: Enter the amount of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the question data.) Dato Accounts Recevable Computer Supplies Computer System Office Equipment Cash Accounts Payable Common Stock October 1 October 3 Biance after October Land October 3 October 6 Balance October 6 October Balancer October October 12 Baler October 12 October 15 Balance atter October 15 October 17 Bwance for October 17 October 20 Bicenter October 20 lactobar 22 Dancer October 22 October 28 +

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

Students also viewed these Accounting questions