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. 1 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,eee 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. 19 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 $4,800 cash from Easy Leasing as partial payment on its account. Oct. 17 The company paid $895 cash to repair computer equipment that was damaged when moving it. 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 $2.32 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 sen bill for $3,958 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 (1,280 miles at $2.32 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,eee cash in dividends. Using the dropdown buttons, select the financial statement elements and account titles to be included on the income statement. The account balances will automatically populate. BUSINESS SOLUTIONS Income Statement For Two Months Ended November 30, 2019 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 5.800 (5.600) Retained earnings. November 30, 2019 S Using the dropdown buttons, select the financial statement elements and account titles to be included on the balance sheet. The account balances will automatically populate. BUSINESS SOLUTIONS Balance Sheet November 30, 2019 Accounts payable Total liabilities (5.600) While the balance sheet reports the detail of individual assets and liabilities, Retained earnings is reported in total. The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, Stockholder investments and Dividends. Using the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare the total with the amount of equity reported on the balance sheet. Show less Impact on Equity Transaction 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 Hamis 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 $4,800 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 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. $5.688 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. Total impact on equity $