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On October 1, 2017, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation and alendar year for provides consutin
On October 1, 2017, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation and alendar year for provides consutin reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2017 Cust 1 s. Rey invested $45,0o0 cash, a $28,000 computer system, and $8,500 of office equipment in the company in exchange for its common stock 3 The company purchased $1,360 of computer supplies on credit from Harris office Products. The company billed Easy Leasing $5,700 for services performed in installing a new web server. Oct. ce Products on October 3 10 The company hired Lyn Addie as 12 The company billed Easy Leasing another $1,400 for servicees performed. 15 The company received $5,700 cash from Easy Leasing as partial payment toward its account. The company paid $715 cash to repair computer equipment damaged when moving it. part-time assistant for $150 per day, as needed ocal newspaper 20 22 The company received $1,400 cash from Easy Leasing toward its account. 28 The company billed IFM Company $5, 293 for services performed 31 The company paid $1,050 cash for Lyn Addie's wages for seven days of work this month 31 The company paid $3,400 cash in dividends to the owner (sole shareholder) Required: Enter the amount of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the question data.) Assets Liabilities Equity Accounts Computer Computer Office Accounts Common +Receivable + Equipment Cash Supplies System Stock Dividends Revenues Date Payable Exp + + Oct. 1 + + Oct. 3 + Bal. 0+ 0+ 0 0 + 0 + 0- 0+ Oct. 6 + + + Bal. 0+ 0+ 0+ 0- 0+ 0+ 0+ + Oct. 8 + + + 0+ Bal 0+ 0- 0+ 0- 0+ 0+ 0 0+ Oct. 10 + + +
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