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Required 1 Required 2 Required 3 Prepare journal entries to record each of the above transactions for Business Solutions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 27 > S. Rey invested $54,000 cash, a $25,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. Note: Enter debits before credits. General Journal Debit Credit Date Oct 01 Record entry Clear entry View general journal 1 S. Rey invested $54,000 cash, a $25,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. 2 The company paid $3,260 cash for four months' rent. 3 The company purchased $1,340 of computer supplies on credit from Harris Office Products. 4 The company paid $1,800 cash for one year's premium on a property and liability insurance policy. 5 The company billed Easy Leasing $4,800 for services performed in installing a new Web server. Note : = journal entry has been entered Record entry Clear entry X: 6 The company paid $1,340 cash for the computer supplies purchased from Harris Office Products on October 3. 7 The company hired Lyn Addie as a part-time assistant. 8 The company billed Easy Leasing another $1,700 for services performed. 9 The company received $4,800 cash from Easy Leasing as partial payment on its account. 10 The company paid $800 cash to repair computer equipment that was damaged when moving it. 11 The company paid $1,703 cash for advertisements published in the local newspaper. Note : = journal entry has been entered X 12 The company received $1,700 cash from Easy Leasing on its account. 13 The company billed IFM Company $5,908 for services performed 14 The company paid $1,015 cash for Lyn Addie's wages for seven days' work. 15 The company paid a $3,100 cash dividend. 16 The company reimbursed S. Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at $0.31 per mile). Note : = journal entry has been entered Record entry Clear entry EX 17 The company received $5,533 cash from Liu Corporation for computer services performed. 18 The company purchased computer supplies for $1,115 cash from Harris Office Products. 19 The company billed Gomez Co. $6,168 for services performed. 20 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed. 21 The company received $2,408 cash from IFM Company as partial payment of the October 28 bill. Note : = journal entry has been entered Clour ontru EX 17 The company received $5,533 cash from Liu Corporation for computer services performed. 18 The company purchased computer supplies for $1,115 cash from Harris Office Products. 19 The company billed Gomez Co. $6,168 for services performed. 20 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed. 21 The company received $2,408 cash from IFM Company as partial payment of the October 28 bill. Note : = journal entry has been entered Clour ontru x 22 The company paid $190 cash for miscellaneous expenses. 23 The company completed work and sent a bill for $4,150 to Alex's Engineering Co. 24 The company sent another bill to IFM Company for the past-due amount of $3,500. 25 The company reimbursed S. Rey in cash for business automobile mileage (1,200 miles at $0.31 per mile). 26 The company paid $2,030 cash for Lyn Addie's wages for 14 days' work. 27 The company paid a $1,500 cash dividend. Note : - journal entry has been entered Record entry Clear entry
