On October 1, 2017, Santana Rey launched a computer services company called Business Solutions, which provides consulting ces, computer system installations, and custom program development. Rey ad dopts the calendar year for reporting purposes and expects to prepare the company's first set of follows financial statements on December 31, 2017. The company's initial chart of accounts 1e1 S. Rey, Capital 301 Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable 126 Computer Services Revenue 128 Wages Expense 403 sing Expense 163 Mileage Expense 167 Miscellaneous Expenses 676 Oct. 1 s. Rey invested $45, e0e cash, a $20,000 computer system, and $8,000 of office equipment in the company. 2 The company paid $3,300 cash for four months' rent 3 The company purc . (Hint: Debit Prepaid Rent for $3,300.) hased $1,420 of ter supplies on credit from Harris Office Products. any paid $2,220 cash for one year's premium on a property and 1iability insurance policy. (Hint: Debit Prepaid Insurance for $2,220.) 6 The company billed Easy Leasing $4,800 for services performed in installing a n w Web server. company paid $1,420 cash for the computer supplies purchased from Harris Office Produc 8 The 10 The 12 The compan 15 The comp 17 The company paid $805 cash to repair computer equipment that was damaged when moving it 20 The company paid $1,728 cash for advertisements published in the local newspaper. 22 The company received $1,400 cash from Easy Leasing on its account. Part per day, as needed y billed Easy Leasing another $1,400 for services performed any received $4, 800 cash from Easy Leasing as partial payment on its account. 28 The company billed IFM Company $5,208 for services performed