Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On October 1 , 2 0 2 1 , Santana Rey launched a computer services company, Business Sollutions, that is organized as a corporation and
On October Santana Rey launched a computer services company, Business Sollutions, that is organized as a corporation and provides consulting services, computer system installations, and custom program development.
October S Rey invested $ cash, a $ computer system, and $ of office equipment in the company in exchange for its common stock..
October The company purchased $ of computer supplies on credit.
October The company billed Easy Leasing $ for services performed in installing a new web server.
October The company paid $ cash for the computer supplies purchased on credit on October
October The company hired a parttime assistant.
October The company billed Easy Leasing another $ for services performed.
October The company received $ cash from Easy Leasing as partial payment toward its account.
October The company paid $ cash to repair its computer equipment.
October The company paid $ cash for advertisements published on Facebook.
October The company received $ cash from Easy Lesing toward its account.
October The company billed IFM Company $ for services performed.
October The company paid $ cash for the assistant's wages for this month.
October The company paid $ cash in dividends to the owner sole shareholder
Required:
Enter the amount of each transaction on individual items of the accounting equation.
Note: Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the question data.
tableDateAssets,tableLiabilitiesAccountsPayabletableEquCash,,tableAccountsReceivabletableComputerSuppliestableComputerSystemtableOfficeEquipmenttableCommonStockDividends,October $ POctober Balance after October and October October
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