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. Cash Account Accounts Receivable Computer Supplies Prepaid Insurance No. Account 101 S. Rey, Capital 106 S. Rey, Withdrawals. 126 128 Wages Expense No. 301 302 Computer Services Revenue 403 623 131 Advertising Expense 655 163 Mileage Expense 676 Computer Equipment Accounts Payable 167 Miscellaneous Expenses 677 201 Repairs Expense-Computer 684 Prepaid Rent Office Equipment Oct. Nov. 1S. Rey invested $46,000 cash, a $21,000 computer system, and $9,000 of office equipment in the company. 2 The company paid $3,280 cash for four months' rent. Hint: Debit Prepaid Rent for $3,280. 3 The company purchased $1,420 of computer supplies on credit from Harris Office Products. 5 The company paid $1,680 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,680. 6 The company billed Easy Leasing $5,500 for services performed in installing a new web server. 8 The company paid $1,420 cash for the computer supplies purchased from Barris Office Products on October 3. 10 The company hired Lyn Addie as a part-time assistant. 12 The company billed Easy Leasing another $2,100 for services performed. 15 The company received $5,500 cash from Easy Leasing as partial payment on its account. 17 The company paid $805 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,718 cash for advertisements published in the local newspaper. 22 The company received $2,100 cash from Easy Leasing on its account. 28 The company billed IPM Company $5,408 for services performed. 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. 31 5. Rey withdrew $3,300 cash from the company for personal use. 1 The company reimbursed 5. Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at $0.26 per mile). 2 The company received $5,333 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,065 cash from Harris Office Products. 8 The company billed Gomez Co. $6,168 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 $1,508 cash from IFM Company as partial payment of the October 28 bill. 22 The company paid $190 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $190. 24 The company completed work and sent a bill for $4,050 to Alex's Engineering Co. 25 The company sent another bill to IPM Company for the past-due amount of $3,900. 28 The company reimbursed S. Rey in cash for business automobile mileage (1,200 miles at $0.26 per mile). 30 The company paid $1,750 cash for Lyn Addie's wages for 14 days' work. 30 S. Rey withdrew $1,900 cash from the company for personal use.