On October 1, 2013, Adria Lopez launched a computer services company called Success Systems, which provides consulting services, computer system installations, and custom program development. Adria adopts the calendar year for reporting purposes and expects to prepare the companys first set of financial statements on December 31, 2013. The companys initial chart of accounts follows.

Account	No.		Account	No.
Cash	101		Common Stock	307
Accounts Receivable	106		Dividends	319
Computer Supplies	126		Computer Services Revenue	403
Prepaid Insurance	128		Wages Expense	623
Prepaid Rent	131		Advertising Expense	655
Office Equipment	163		Mileage Expense	676
Computer Equipment	167		Miscellaneous Expenses	677
Accounts Payable	201		Repairs Expense Computer	684

Oct.	1		Adria Lopez invested $51,000 cash, a $23,000 computer system, and $8,000 of office equipment in the company in exchange for its common stock.
	2		The company paid $3,280 cash for four months' rent. (Hint: Debit Prepaid Rent for $3,280.)
	3		The company purchased $1,330 of computer supplies on credit from Harris Office Products.
	5		The company paid $1,980 cash for one year's premium on a property and liability insurance policy. (Hint: Debit Prepaid Insurance for $1,980.)
	6		The company billed Easy Leasing $5,000 for services performed in installing a new Web server.
	8		The company paid $1,330 cash for the computer supplies purchased from Harris Office Products on October 3.
	10		The company hired Lyn Addie as a part-time assistant for $135 per day, as needed.
	12		The company billed Easy Leasing another $2,200 for services performed.
	15		The company received $5,000 cash from Easy Leasing as partial payment on its account.
	17		The company paid $785 cash to repair computer equipment that was damaged when moving it.
	20		The company paid $1,708 cash for advertisements published in the local newspaper.
	22		The company received $2,200 cash from Easy Leasing on its account.
	28		The company billed IFM Company $5,308 for services performed.
	31	a	The company paid $945 cash for Lyn Addies wages for seven days' work.
	31	b	The company paid $2,600 cash in dividends.
Nov.	1		The company reimbursed Adria Lopez in cash for business automobile mileage allowance (Lopez logged 1,000 miles at $0.27 per mile).
	2		The company received $5,233 cash from Liu Corporation for computer services performed.
	5		The company purchased computer supplies for $1,125 cash from Harris Office Products.
	8		The company billed Gomez Co. $5,668 for services performed.
	13		The company received notification from Alex's Engineering Co. that Business Solutions' bid of $4,050 for an upcoming project is accepted.
	18		The company received $2,108 cash from IFM Company as partial payment of the October 28 bill.
	22		The company donated $180 cash to the United Way in the company's name.
	24		The company completed work for Alex's Engineering Co. and sent it a bill for $4,050.
	25		The company sent another bill to IFM Company for the past-due amount of $3,200.
	28		The company reimbursed Adria Lopez in cash for business automobile mileage (1,200 miles at $0.27 per mile).
	30	a	The company paid $1,890 cash for Lyn Addie's wages for 14 days' work.
	30	b	The company paid $1,100 cash in dividends.

View transaction list Journal entry worksheet 2 8 Adria Lopez invested $51,000 cash, a $23,000 computer system, and $8,000 of office equipment in the company in exchange for its common stock. Note: Enter debits before credits. Date General Journal Debit Credit 51,000 23,000 8,000 Oct. 1 Cash Computer equipment Office equipment Common stock 82,000 Record entry Clear entry View general journal 2. Post the journal entries from requirement 1 to ledger accounts. Cash Accounts Receivable Date Debit Credit Balance Date Debit Credit Balance Oct. 1 51,000 51,000 Oct. 6 5,000 5,000 Oct. 2 3,280 47,720