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October 1. 2013, Adrian Lopez launched a computer services company, Success Systems, which is nized as a corporation and provides consulting services, computer system installations,

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October 1. 2013, Adrian Lopez launched a computer services company, Success Systems, which is nized as a corporation and provides consulting services, computer system installations, and custom program development. Lopez adopts the calendar year for reporting purposes and expects to prepare the company's first s transactions for the months of October to December Oct. 1 Adrian Lopez invested $55,000 cash, a 20,000 computer system, and $8,000 of office equipment in the company in exchange for its common stock 2 The company paid $3,300 cash for four months' rent. (Hint: Debit Prepaid Rent for $3,300.) 3 The 5 The company paid S2,220 Debit Prepaid Insurance company paid $3,300 dS1,420 of computer supplies on credit from Harris Office Products. cash for one year's premium on a property and liability insurance policy. (Hint: 6 The company billed Easy Leasing $24.800 for services parformed in installing a new Web server 8 The company paid $1,420 cash for the computer supplies purchased from Harris Office Products on Oct 3 2 The compan 5 y hired L.yn Addie as a part-time assistant for $125 per day, as needed. The company received $24,800 cash from Easy Leasing as payment on its account. 17 The company paid $805 cash to repair computer equipment that was damaged when moving it. 20 31 31 The company paid The company paid $875 cash for Lyn The company paid $3,600 cash in dividends. i Addie's wages for seven days' work. Nov.2 The company received $4,633 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,125 cash from Harris Office Products. 31 The company paid $2,000 cash in dividends. 2 Paid S 1.025 cash to Hillside Mall for Success Systems' share of mall advertising costs. 3 Paid $500 cash for minor 10 Paid cash toLyn Addie forsxdays ofwork at the rate of(s123per day, 12s 15 Purchased $1.100 of computer supplies on credit from Harris Office Products. 20 Completed a project for Liu Corporation and received $5,625 cash. 21 Received $1,500 Cash advance from a customer 2-26 Took the week off for the holidays. Dec. to the company's comput 1 The business paid S1,500 cash for dividends. No. Account Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent 101 106 126 128 131 Retained Earnings Dividends Computer Service Revenue Depreciation Expense- Office Equipment Depreciation Expense- Computer Equipment 403 612 613 623

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