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On October 1, 2019, Santana Rety launched a computer services company called Business Solutions, which provides consulting services, computer systems installations, custom program development. Rey

On October 1, 2019, Santana Rety launched a computer services company called Business Solutions, which provides consulting services, computer systems installations, custom program development. Rey adopts the calendar year for reporting purposes and expects to prepare the company's first set a financial statements on December 31, 2019. The companies initial chart of accounts follows. image text in transcribed
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1. prepare Journal entries to record each of the above transactions for business solutions.
2. prepare ledger accounts (in balance column format) and post the drill injuries from requirement 1 to them.
3. prepare a trial balance as of the end of November
Serial Problem Business Solutions LO A1, P1, P2 On October 1, 2019, 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 2019. The company's initial chart of accounts follows Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. Account 101 Common Stock 106 Dividends 126 Computer Services Revenue 128 Hages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No. 307 319 403 "623 655 676 677 684 Oct. 1 5. Rey invested $53,000 cash, a $28,000 computer system, and $9,000 of office equipment in the company in exchange for Connon stock. 2 The company paid $3,280 cash for four months' rent. Mint Debit Prepaid Rent for $3,200. > The company purchased $1,320 of computer supplies on credit from Harris Office Products. 5 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. Mint: Orbit Prepaid 6. The company billed tasy Leasing $5,500 for services performed in installing a new web server. The company paid $1,320 cash for the computer supplies purchased from Harris Office Products on October 3. 10 The company wired Lyn Addle as a part-time assistant. 12 The company billed Easy Leasing another $2,100 for services performed 15 The company received 55,500 cash from Easy Leasing as partial payment on its account. 17 The company paid $795 cash to repair computer equipment that was damaged when moving it. 17 The company paid $795 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 52, 109 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,800 for services performed. 31 The company paid $840 cash for Lyn Addie's wages for seven days' work, 31 The company paid a $3,500 cash dividend. Nov. 1 The company reimbursed 5. Rey in cash for business automobile mileage allowance (Rey losged 1,000 miles at 50.31 per mile). 2 The company received $5,133 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,040 cash from Harris Office Products. * The company billed Gomes Co. 55,968 for services performed 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed 18 The company received 53,608 cash from IFM Company as partial payment of the October 28 bill 22 The company paid $230 cash for miscellaneous expenses. Matt Debit Miscellaneous Expense for $230. 24 The company completed work and gent all for $4,750 to Alex's Engineering Co. 25 The company sent another bill to IFM Company for the post-due amount of $2,200 28 The company reimbursed 5. Hey in cash for business automobile alleage (1,200 miles at $4.31 per mile) 10 The company pad.co odle's was for 14 days works 30. The company paid $1,900 cash dividend Oct. 15. Rey invested $53,000 cash, a $28,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. 2 The company paid $3,280 cash for four months' rent. Hint: Debit Prepaid Rent for $3,280, 3 The company purchased $1,320 of computer supplies on credit from Harris Office Products 5 The company paid $2,220 cash for one year's premium on a property and liability Insurance policy. Hint: Debit Prepaid Insurance for $2,229. The company billed Easy Leasing $5,500 for services performed in installing a new web server. 3 The company paid $1,320 cash for the computer supplies purchased from Harris Office Products on October 3. 10 The company hired Lyn Addie as a part time assistant 12 The company billed Easy Leasing another 52,100 for services performed. 15 The company received $5,500 cash from Easy Leasing as partial payment on its account. 17. The company paid $795 cash to repair computer equipmenty that was damaged when moving it. 2eThe company paid $1,728 cash for advertisements published in the local newspaper 22 The company received 52,200 cash from Easy Leasing on its account. 20 The company billed I'M Company $5,000 for services performed 31 The company paid $840 cash for Lyn Addie's wages for seven days work. 31 The company paid a $3,500 cash dividend Nov. 1 The company reimbursed 5. Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at 50.31 per w11.) 2. The company received 55,133 cash from Liu Corporation for computer services performed 5. The company purchased computer supplies for $1,040 cash from Harris Office Products. 8 The company billed Gomez Co. $5,968 for services performed 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed 18 The company received $3,608 cash from IPM Company as partial paynent of the October 20 bill. 22. The company paid $250 cash for miscellaneous expenses. Her Debit Miscellaneous Expense for $230. 24 The company completed work and sent bill for $4,750 to Alex's Engineering Co. 25 The company sent another bill to IFM Company for the past due amount of $2,200. 20 The company reimbursed S. Rey in cash for business automobile wileage (1,200 miles at 50:31 per mile) 30 The company paid $1,650 cash for Lyn Addie's wages for 14 days work. 3. The company paid a $1,900 cash dividend. Serial Problem Business Solutions LO A1, P1, P2 On October 1, 2019, 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 2019. The company's initial chart of accounts follows Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. Account 101 Common Stock 106 Dividends 126 Computer Services Revenue 128 Hages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No. 307 319 403 "623 655 676 677 684 Oct. 1 5. Rey invested $53,000 cash, a $28,000 computer system, and $9,000 of office equipment in the company in exchange for Connon stock. 2 The company paid $3,280 cash for four months' rent. Mint Debit Prepaid Rent for $3,200. > The company purchased $1,320 of computer supplies on credit from Harris Office Products. 5 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. Mint: Orbit Prepaid 6. The company billed tasy Leasing $5,500 for services performed in installing a new web server. The company paid $1,320 cash for the computer supplies purchased from Harris Office Products on October 3. 10 The company wired Lyn Addle as a part-time assistant. 12 The company billed Easy Leasing another $2,100 for services performed 15 The company received 55,500 cash from Easy Leasing as partial payment on its account. 17 The company paid $795 cash to repair computer equipment that was damaged when moving it. 17 The company paid $795 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 52, 109 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,800 for services performed. 31 The company paid $840 cash for Lyn Addie's wages for seven days' work, 31 The company paid a $3,500 cash dividend. Nov. 1 The company reimbursed 5. Rey in cash for business automobile mileage allowance (Rey losged 1,000 miles at 50.31 per mile). 2 The company received $5,133 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,040 cash from Harris Office Products. * The company billed Gomes Co. 55,968 for services performed 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed 18 The company received 53,608 cash from IFM Company as partial payment of the October 28 bill 22 The company paid $230 cash for miscellaneous expenses. Matt Debit Miscellaneous Expense for $230. 24 The company completed work and gent all for $4,750 to Alex's Engineering Co. 25 The company sent another bill to IFM Company for the post-due amount of $2,200 28 The company reimbursed 5. Hey in cash for business automobile alleage (1,200 miles at $4.31 per mile) 10 The company pad.co odle's was for 14 days works 30. The company paid $1,900 cash dividend Oct. 15. Rey invested $53,000 cash, a $28,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. 2 The company paid $3,280 cash for four months' rent. Hint: Debit Prepaid Rent for $3,280, 3 The company purchased $1,320 of computer supplies on credit from Harris Office Products 5 The company paid $2,220 cash for one year's premium on a property and liability Insurance policy. Hint: Debit Prepaid Insurance for $2,229. The company billed Easy Leasing $5,500 for services performed in installing a new web server. 3 The company paid $1,320 cash for the computer supplies purchased from Harris Office Products on October 3. 10 The company hired Lyn Addie as a part time assistant 12 The company billed Easy Leasing another 52,100 for services performed. 15 The company received $5,500 cash from Easy Leasing as partial payment on its account. 17. The company paid $795 cash to repair computer equipmenty that was damaged when moving it. 2eThe company paid $1,728 cash for advertisements published in the local newspaper 22 The company received 52,200 cash from Easy Leasing on its account. 20 The company billed I'M Company $5,000 for services performed 31 The company paid $840 cash for Lyn Addie's wages for seven days work. 31 The company paid a $3,500 cash dividend Nov. 1 The company reimbursed 5. Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at 50.31 per w11.) 2. The company received 55,133 cash from Liu Corporation for computer services performed 5. The company purchased computer supplies for $1,040 cash from Harris Office Products. 8 The company billed Gomez Co. $5,968 for services performed 13 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed 18 The company received $3,608 cash from IPM Company as partial paynent of the October 20 bill. 22. The company paid $250 cash for miscellaneous expenses. Her Debit Miscellaneous Expense for $230. 24 The company completed work and sent bill for $4,750 to Alex's Engineering Co. 25 The company sent another bill to IFM Company for the past due amount of $2,200. 20 The company reimbursed S. Rey in cash for business automobile wileage (1,200 miles at 50:31 per mile) 30 The company paid $1,650 cash for Lyn Addie's wages for 14 days work. 3. The company paid a $1,900 cash dividend

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