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es Serial Problem Business Solutions (Static) LO P1 On October 1, 2020, Santana Rey launched a computer services company, Business Solutions, that is organized
es Serial Problem Business Solutions (Static) LO P1 On October 1, 2020, 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 October 3 October 6 October 8 October 10 October 12 October 15 October 17 October 20 October 22 October 28 October 31 October 31 Required: S. 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. The company purchased $1,420 of computer supplies on credit. The company billed Easy Leasing $4,800 for services performed in installing a new web server. The company paid $1,420 cash for the computer supplies purchased on credit on October 3. The company hired a part-time assistant. The company billed Easy Leasing another $1,400 for services performed. The company received $4,800 cash from Easy Leasing as partial payment toward its account. The company paid $805 cash to repair its computer equipment. The company paid $1,728 cash for advertisements published on Facebook. The company received $1,400 cash from Easy Leasing toward its account. The company billed IFM Company $5,208 for services performed. The company paid $875 cash for the assistant's wages for this month. The company paid $3,600 cash in dividends to the owner (sole shareholder). Enter the amount of each transaction on individual items of the accounting equation. Show new balances after each transaction. Note: Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the question data. Liabilities Date Assets Cash Accounta Receivable Computer Supplies Computer System Office Equipment Accounts Payable Common Stock D + October 1 October 3 Balance after October 1 and October 3 October 6 + Balance after October 6 October . . Assets Liabilities Eq Date Accounts Cash Receivable Computer Supplies Computer System Office Equipment Accounts Payable Common Stock Dividends 4 + ctober 11 ctober 3 alance after October 1 and October 3 ctober 6 alance after October 6 ctober 8 alance after October 8 clober 12 alance after October 12 ctober 15 alance after October 15 clober 17 alance after October 17 ctober 20 alance after October 20 ctober 22 alance after October 22 clober 28 alance after October 28 ctober 31 alance after October 31 clober 31 alance after October 31 " + " + + + + = + 1 + " . . + + + - + +
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