On October 1, 2018, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation and provides consulting services, computer system installations, and custom program development. Rey uses the calendar year for reporting purposes and expects to prepare the company's first set of financial statements on December 31, 2018. Oct. 1S. Rey invested $54,000 cash, a $21,000 computer system, and $9,500 of office equipment in the company in exchange for its common stock 3 The company purchased $1,440 of computer supplies on credit from Harris Office Products 6 The company billed Easy Leasing $5,100 for services performed in installing a new web server 8 The company paid $1,440 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 $140 per day, as needed. 12 The company billed Easy Leasing another $2,100 for services performed 15 The company received $5,100 cash from Easy Leasing as partial payment toward its account 17 The company paid $725 cash to repair computer equipment damaged when moving it 20 The company paid $1,648 cash for advertisements published in the local newspaper 22 The company received $2,100 cash from Easy Leasing toward its account 28 The company billed IFM Company $5,253 for services performed 31 The company paid $980 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)