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. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements Oct. 1S. Rey invested $45,000 cash, 500,000 computer system, and $8,000 of office equipment in the company in exchange for its Co stock Oct? The company paid $3,300 cash for four months rent. (The company's policy is to record prepaid expenses in balance sheet accounts.) Oct. The company purchased $1,420 of computer supplies on credit fron Harris Office Products Oct. The company paid $2,270 cash for one year's premium on a property and liability insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts.) Oct. The company billed Easy Leasing $4,500 for services performed in installing a new web server Oct. The company paid $1,420 cash for the computer supplies purchased from Harris Office Product on October 3. Oct. 10 The company hired Lyn Addie a parte istant for $125 per day, as needed Oct. 12. The company billed Easy Leasing mother $1,400 for services performed Oct. 15 The company received $4,50 cash from a Leasing as partial payment on ito account Oct. 17 The company paid $tos cash to repair computer equipment that was damaged when moving it. Oct. 20 The company paid $1,773 cash for advertisements published in the local newspaper Oct. 22 The company received $1,400 cash from Easy Leasing on its account Oct. 26 The company billed IFM Company $5,228 for services performed Oct. 11 The company paid $875 cash for Lyn Addio's wages for seven days' work Oct. 31 The company paid $3,600 cash in dividends. Nov. 1 The company reimbursed 5. Rey in cash for business automobile sileage allowance (Rey logged 1,000 miles at 50.32 per mile). Now 2 The company received $4,633 cash from Liu Corporation for computer services performed NO 5 The company purchased computer supplies for $1,125 cash from Harris Office Products Nov. The company billed Goner Co. $5,668 for services performed. Nov. 13 The company received notification from Alex's Engineering Co that Business Solutions's bid of $3,950 for an upcoming project was accepted Now. 15 The company received $2,205 cash from IFR Company as partial payment of the October 2011 Nov. 22 The company donated $250 cash to the United Way in the company's Nov. 14 The company completed work and sent a bill for 53,950 to Alex's Engineering Co. Now. 25 the company sent another bill to IFR Company for the past demont of $3,000 tow. 28 The company reimbursed S. Ray in cath for business automobile allage (1,200 let $0 per mile) Nov. 30 The company paid $1,750 cash for lys Addie's wages for 14 days work Nov The company paid $2,000 cash in dividends. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Shee Using the dropdown buttons, select the financial statement elements and account titles to b statement. The account balances will automatically populate. BUSINESS SOLUTIONS Income Statement For Two Months Ended November 30, 2019 I Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the retained earnings. BUSINESS SOLUTIONS Statement of Retained Earnings For Two Months Ended November 30, 2019 Retained earnings, October 1, 2019 5,600 5,600 (5,600) $ Retained earnings, November 30, 2019 BUSINESS SOLUTIONS Balance Sheet November 30, 2019 es Accounts payable Total liabilities (5,600) Transaction Impact on Equity Oct 1) S Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for its common stock Oct 2) The company paid $3,300 cash for four months' rent (The company's policy is to record prepaid expenses in balance sheet accounts ) Oct 3) The company purchased $1,420 of computer supplies on credit from Harris Office Products Oct 5) The company paid $2 220 cash for one year's premium on a property and liability insurance policy (The company's policy is to record prepaid expenses in balance sheet accounts.) Oct 6) The company billed Easy Leasing $4,800 for services performed in installing a new web server Oct 8) The company paid $1.420 cash for the computer supplies purchased from Harris Office Products on October 3 Oct 10) The company hired Lyn Addie as a part-time assistant for $125 per day, as needed Oct. 12) The company billed Easy Leasing another $1.400 for services performed Oct 15) The company received 54,800 cash from Easy Leasing as partial payment on its account Oct 17) The company paid $805 cash to repair computer equipment that was damaged when moving it Oct 20) The company paid $1.728 cash for advertisements WYUVISHU BIH Oct 20) The company paid $1,728 cash for advertisements published in the local newspaper Oct 22) The company received $1.400 cash from Easy Leasing on its account Oct 28) The company billed IFM Company $5,208 for services performed Oct 31) The company paid $875 cash for Lyn Addie's wages for seven days' work Oct. 31) The company paid $3,600 cash in dividends Nov 1) The company reimbursed S Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at $0 32 per mile) Nov 2) The company received $4,633 cash from Liu Corporation for computer services performed Nov 5) The company purchased computer supplies for $1,125 cash from Harris Office Products Nov 8) The company billed Gomez Co $5,668 for services performed Nov 13) The company received notification from Alex's Engineering Co that Business Solutions's bid of $3,950 for an upcoming project was accepted Nov 18) The company received $2 208 cash from IFM Company as partial payment of the October 28 bill Nov 22) The company donated $250 cash to the United Way in the company's name Nov 24) The company completed work and sent a bill for $3.950 to Alex's Engineering Co Nov 25) The company sent another bill to IFM Company for the past due amount of $3,000 Nov 28) The company reimbursed S Rey in cash for business automobile mileage (1 200 miles at $0 32 per mile) Nov 30) The company paid $1,750 cash for Lyn Addie's wages for 14 days' work Nov 30) The company paid $2,000 cash in dividends $3.950 to Alex's Engineering Co Nov 25) The company sent another bill to IFM Company for the past.due amount of $3,000 Nov 28) The company reimbursed S Rey in cash for business automobile mileage (1,200 miles at $0.32 per mile) Nov 30) The company paid $1,750 cash for Lyn Addie's wages for 14 days work Nov. 30) The company paid $2,000 cash in dividends Total impact on equity $ 0