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Old MathJax webview - On October 1, 2021, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations,
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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. Account Number Account Number 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. Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent office Equipment Computer Equipment Accounts Payable Number 101 106 126 128 131 163 167 201 Account S. Rey, Capital S. Rey, Withdrawals Computer Services Revenue Wages Expense Advertising Expense Mileage Expense Miscellaneous Expenses Repairs Expense-Computer Number 301 302 403 623 655 676 677 684 October 1 S. Rey invested $51,000 cash, a $23,000 computer system, and $8,000 of office equipment in the company. October 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. October 3 The company purchased $1,400 of computer supplies on credit from Harris Office Products. October 5 The company paid $1,680 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,680. October 6 The company billed Easy Leasing $4,900 for services performed in installing a new Web server. October 8 The company paid $1,400 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 $2,100 for services performed. October 15 The company received $4,900 cash from Easy Leasing as partial payment on its account. October 17 The company paid $790 cash to repair commuter 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. Account Number Account Number 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. Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent office Equipment Computer Equipment Accounts Payable Number 101 106 126 128 131 163 167 201 Account S. Rey, Capital S. Rey, Withdrawals Computer Services Revenue Wages Expense Advertising Expense Mileage Expense Miscellaneous Expenses Repairs Expense-Computer Number 301 302 403 623 655 676 677 684 October 1 S. Rey invested $51,000 cash, a $23,000 computer system, and $8,000 of office equipment in the company. October 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. October 3 The company purchased $1,400 of computer supplies on credit from Harris Office Products. October 5 The company paid $1,680 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,680. October 6 The company billed Easy Leasing $4,900 for services performed in installing a new Web server. October 8 The company paid $1,400 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 $2,100 for services performed. October 15 The company received $4,900 cash from Easy Leasing as partial payment on its account. October 17 The company paid $790 cash to repair commuter
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