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i only need help to fix the error that i fill there that was incorrect On October 1, 2021. Santana Rey launched a computer services
i only need help to fix the error that i fill there that was incorrect
On October 1, 2021. Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows. October 1 S. Rey invested $50,09 cash, a $24,60 computer systen, and $8,6e of office equipment in the company in exchange for common stock. October 2 The company paid $3,269 cash for four months' rent. Hint: Debit Prepaid Rent for $3,26e. October 3 The company purchased $1,340 of conputer supplies on credit from Harris office Products. October 5 The company paid $1,680 cash for one year's prenium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,680. October 6 The company billed Easy Leasing $5,400 for services performed in insta1ling a new Web sarver. October 8 The company paid $1,340 cash for the computer supplies purchased from Harris office Products on october 3. October 10 The company hired Lyn Addie as a part-time assistant. October 12 The company billed Easy Leasing another \$2, 20e for services performed. October 15 The company received $5,400 cash from Easy Leasing as partial payment on its account. October 17 The company paid $770 cash to repair computer equipment that was dasaged when moving it. October 20 the corpany paid $1,698 cash for advertisetents. October 22 The corpany received $2,200 cash from Easy Leasing on its account. October 28 the conpany billed IFM Conpany $6,208 for services performad. October 31 the corpany paid $735 cash for Lyn Addie's wages for seven days' work. October 31 the company paid a $2,600 cash dividend. Novenber 1 the company paid $280 cash for mileage expenses. November 2 The company received $4,933 cash from Liu corporation for computer services performed. Novenber 5 The cotpany purchased corputer supplies for $1, , a40 cash from Barris office Products. Novenber-8 The company billed Gomez Company $6,268 for services ferforned. Novenber 13 The conpany agreed to perform future services for Alexis s Engineering corpasy. No work has yet been perforted. Novenber 18 . The corpany received 52,908 cash from IHM Company as partial payzent of the october 28 bil1. Noveaber 22 . The company paid $22e cash for miscellaneous exponses. Hint bebit piscelianeous Expenses fon $22a. November 24 the company conpleted work and ment a bill for s4, 350 fo Alex s Enginearing corpany. November 25 The corpany sent another bi11 to Ify corpany for the past-cue anount of 53,363. November 28 The company paid $336cash for mileage expensen. November 3e. The cotpany paid $1,478 cash for Lyn Addie's wagey for 24 days' work. Novenber 30 . The conpany paid a S1, 8ee cash dividend. Requlred: 1. Prepare journal entries to record each of the above transactions for Business Solutions. 2. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November. On October 1, 2021. Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows. October 1 S. Rey invested $50,09 cash, a $24,60 computer systen, and $8,6e of office equipment in the company in exchange for common stock. October 2 The company paid $3,269 cash for four months' rent. Hint: Debit Prepaid Rent for $3,26e. October 3 The company purchased $1,340 of conputer supplies on credit from Harris office Products. October 5 The company paid $1,680 cash for one year's prenium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,680. October 6 The company billed Easy Leasing $5,400 for services performed in insta1ling a new Web sarver. October 8 The company paid $1,340 cash for the computer supplies purchased from Harris office Products on october 3. October 10 The company hired Lyn Addie as a part-time assistant. October 12 The company billed Easy Leasing another \$2, 20e for services performed. October 15 The company received $5,400 cash from Easy Leasing as partial payment on its account. October 17 The company paid $770 cash to repair computer equipment that was dasaged when moving it. October 20 the corpany paid $1,698 cash for advertisetents. October 22 The corpany received $2,200 cash from Easy Leasing on its account. October 28 the conpany billed IFM Conpany $6,208 for services performad. October 31 the corpany paid $735 cash for Lyn Addie's wages for seven days' work. October 31 the company paid a $2,600 cash dividend. Novenber 1 the company paid $280 cash for mileage expenses. November 2 The company received $4,933 cash from Liu corporation for computer services performed. Novenber 5 The cotpany purchased corputer supplies for $1, , a40 cash from Barris office Products. Novenber-8 The company billed Gomez Company $6,268 for services ferforned. Novenber 13 The conpany agreed to perform future services for Alexis s Engineering corpasy. No work has yet been perforted. Novenber 18 . The corpany received 52,908 cash from IHM Company as partial payzent of the october 28 bil1. Noveaber 22 . The company paid $22e cash for miscellaneous exponses. Hint bebit piscelianeous Expenses fon $22a. November 24 the company conpleted work and ment a bill for s4, 350 fo Alex s Enginearing corpany. November 25 The corpany sent another bi11 to Ify corpany for the past-cue anount of 53,363. November 28 The company paid $336cash for mileage expensen. November 3e. The cotpany paid $1,478 cash for Lyn Addie's wagey for 24 days' work. Novenber 30 . The conpany paid a S1, 8ee cash dividend. Requlred: 1. Prepare journal entries to record each of the above transactions for Business Solutions. 2. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November Step by Step Solution
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