Question
ok nit onces ber 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation and consulting services,
ok nit onces ber 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation and consulting services, computer system installations, and custom program development. 1 S. Rey invested $49,000 cash, a $21,000 computer system, and $11,500 of office equipment in the company in exchange for its common stock. 3 The company purchased $1,510 of computer supplies on credit. 6 The company billed Easy Leasing $5,600 for services performed in installing a new web server. 8 The company paid $1,510 cash for the computer supplies purchased on credit on October 3. The company hired a part-time assistant. 10 12 The company billed Easy Leasing another $2,000 for services performed. 15 The company received $5,600 cash from Easy Leasing as partial payment toward its account.. 17 The company paid $785 cash to repair its computer equipment. 20 The company paid $1,658 cash for advertisements published on Facebook. 22 The company received $2,000 cash from Easy Leasing toward its account. 28 The company billed IFM Company $5,263 for services performed. 31 The company paid $910 cash for the assistant's wages for this month. 31 The company paid $3,600 cash in dividends to the owner (sole shareholder). amount of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a jn. Enter as per the transaction order provided in the question data.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started