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On October 1, 2019, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system

On October 1, 2019, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system installations, and custom program development. Oct. 1 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company. 3 The company purchased $1,420 of computer supplies on credit from Harris Office Products. 6 The company billed Easy Leasing $4,800 for services performed in installing a new web server. 8 The company paid $1,420 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 $125 per day, as needed. 12 The company billed Easy Leasing another $1,400 for services performed. 15 The company received $4,800 cash from Easy Leasing as partial payment toward its account. 17 The company paid $805 cash to repair computer equipment 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 toward its account. 28 The company billed IFM Company $5,208 for services performed. 31 The company paid $875 cash for Lyn Addie's wages for seven days of work this month. 31 S. Rey withdrew $3,600 cash from the company for personal use. Required: Enter the amount of each transaction on individual items of the accounting equation. Show new balances after each transaction. (Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the question data.) Accounts Date Oct. 1 Cash + Receivable + Assets Computer Supplies + Computer System Office Equipment Liabilities Accounts Payable S. Rey, Capital - Equity S. Rey, Withdrawals + Revenues Expenses $ 45,000+ + Oct. 3 + + $ 1,420 + 20,000+ $ 8,000 + 1,420 + Bal. 45,000+ 0+ 1,420 + 20,000 + 8,000 = 1,420 + 0 0 + 0 - 0 Oct. 6 4,800+ + |= + + 4,800 Bal. 45,000+ 4,800 + 1,420 + 20,000 8,000 = 1,420 + 0- 0 + 4,800 - 0 Oct. 8 (1,420) + + + + + - Bal. 43,580 + 4,800 + 1,420 + 20,000 + 8,000 = 1,420 + 0 0+ 4,800 0 Oct. 10 + + + + Bal. 43,580 + 4,800+ 1,420 + 20,000 8,000 = 1,420 + 0 0+ 4,800 - 0 Oct. 12 + 1,400 + + = + + Bal. 43,580 + 6,200+ 1,420 + 20,000+ 8,000 = 1,420 + 0- 0+ 4,800 - 0 Oct. 15 4,800+ + + + Bal. 48,380 + 6,200+ 1,420 + 20,000+ 8,000 = 1,420 + 0 0+ 4,800 0 Oct. 17 (805) + + + 805 Bal. 47,575 + 6,200+ 1,420 + 20,000+ 8,000 = 1,420 + 0 0+ 4,800 805 Oct. 20 (1,728) + + + + + Bal. 45,847 + 6,200+ 1,420 + 20,000+ 8,000 = 1,420 + 0 0+ 4,800 805 Oct. 22 1,400 + + + + = + Bal. 47,247 + 6,200+ 1,420 + 20,000+ 8,000 = 1,420 + 0 0 + 4,800 805 Oct. 28 + = + Bal. Oct. 31 Bal. 47,247 + (875) + 46,372 + 6,200+ 1,420 + 20,000+ 8,000 = 1,420 + 0 0 + 4,800 - 805 + + + 6,200+ 1,420 + 20,000 + 8,000- 1,420 + 0 0+ 4,800 805

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