On October 1, 2017, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2017 Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. 6.09 Oct. 18. Rey invested $45,000 cash, a $20,000 compater system, and $8,000 of office equipment in the company in exchange for its common stock. Oct. 2 The company paid $3,300 cash for four month rent. (The company's polley Le to record prepaid expenses in balance sheet counts.) Dot. The company purchased $1,420 of computer supplies on credit from Harri gefice Productn. Oot. 5 The company paid $2,220 cash for one year pronum on property and liability Insurance policy. (The company policy is to record prepaid expenses in balance sheet accounts Oct 6 The company billed Enny Leoning 54,000 for nervioon performed in intalling a new web server. Oct. The company paid $1,420 cash for the computer supplio purchased from its office Products on Otober 3. oct. 10 The company hired typ Addie as a part-time assistant for $125 per day. Beded. Oct. 12 the company billed Easy Leasing another $1,400 for service performed Oct. 15 The company received $4,800 call from Easy Lansing as partial payment pn ita account det. 17 The company paid 105 cash to repair computer equipment that was danabd when moving it. Oct. 20. The company paid $1,728 cash for advertisements pobl Lahed in the local newspaper Oct. 22 The company received $1,400 cand from any Lenning on its account Oot. 20 The company billed TH Company 95,200 for services performed Get. 31 The company paid $175 ash for Lyn Addie's wage for seven days' work. Oct 31 The company paid 15.000 cash individende Nov. 1 The company records. Roy In cash for business automobile lege allowance (Roy logged 1,000 miles at $0.32 perio). Nov. The company received 4,633 cash from Lia Corporation to computer services performed. Wow. The company purchased computer applies for $1,125 caeh front of producto Nov. The company billed Com Co. 55,668 vice performed Nov. 13 The company received notition from Mex's the neering coi that the solutions bid of 3,950 for an woming project was acepted How 11 The company received 2,200 et Company at payment of the other Nov. 22 The company dostd 5250 cash the United Nay in the company ow. The company copleted for 3,950 Min. On October 1, 2017, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2017 Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. 6.09 Oct. 18. Rey invested $45,000 cash, a $20,000 compater system, and $8,000 of office equipment in the company in exchange for its common stock. Oct. 2 The company paid $3,300 cash for four month rent. (The company's polley Le to record prepaid expenses in balance sheet counts.) Dot. The company purchased $1,420 of computer supplies on credit from Harri gefice Productn. Oot. 5 The company paid $2,220 cash for one year pronum on property and liability Insurance policy. (The company policy is to record prepaid expenses in balance sheet accounts Oct 6 The company billed Enny Leoning 54,000 for nervioon performed in intalling a new web server. Oct. The company paid $1,420 cash for the computer supplio purchased from its office Products on Otober 3. oct. 10 The company hired typ Addie as a part-time assistant for $125 per day. Beded. Oct. 12 the company billed Easy Leasing another $1,400 for service performed Oct. 15 The company received $4,800 call from Easy Lansing as partial payment pn ita account det. 17 The company paid 105 cash to repair computer equipment that was danabd when moving it. Oct. 20. The company paid $1,728 cash for advertisements pobl Lahed in the local newspaper Oct. 22 The company received $1,400 cand from any Lenning on its account Oot. 20 The company billed TH Company 95,200 for services performed Get. 31 The company paid $175 ash for Lyn Addie's wage for seven days' work. Oct 31 The company paid 15.000 cash individende Nov. 1 The company records. Roy In cash for business automobile lege allowance (Roy logged 1,000 miles at $0.32 perio). Nov. The company received 4,633 cash from Lia Corporation to computer services performed. Wow. The company purchased computer applies for $1,125 caeh front of producto Nov. The company billed Com Co. 55,668 vice performed Nov. 13 The company received notition from Mex's the neering coi that the solutions bid of 3,950 for an woming project was acepted How 11 The company received 2,200 et Company at payment of the other Nov. 22 The company dostd 5250 cash the United Nay in the company ow. The company copleted for 3,950 Min