Oct. 1: Lopez invested $75,000 cash, a $25,000 computer system, and $10,000 of office equipment in the business in exchange for its common stock. Oct. 2: Paid $3,500 cash for one month of rent Oct. 3: Purchased $1,600 of computer supplies on credit from Corvina Office Products Oct. 6: Billed Easy Leasing $6,200 for services performed in installing a new Web server Oct. 8: Paid $1,600 cash for the computer supplies purchased from Corvina Office Products on October 3. Oct. 20: Hired Michelle Jones as a part-time assistant for $150 per day, as needed Oct. 12: Billed Easy Leasing another $1,950 for services performed Oct. 15: Received $6,200 cash from Easy Leasing on its account Oct. 17: Paid $900 cash to repair computer equipment that was damaged when moving it Oct. 20: Paid $1,790 cash for an advertisement in the local newspaper Oct. 22: Received $1,950 cash from Easy Leasing on its account Oct. 28: Billed Clark Company $7,300 for services performed Oct. 31: Paid $1,050 cash for Michelle Jones' wages for seven days' work Oct. 31: Paid $4,000 cash for dividends 2 2 . Chart of Accounts Account No. Account Title Account No. Account Title 1020 Cash/Checking 3940 Dividends Paid 1100 Accounts Receivable 4000 Computer Services Revenue 1492 Computer Supplies 6000 Wages Expense Office Equipment 6300 Rent Expense 1501