On October 1, 2020, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows. Cash Account Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent No. Account 101 Common Stock No. 307 106 Dividends 319 126 Computer Services Revenue 403 128 Wages Expense 623 131 Advertising Expense 655 163 Mileage Expense 676 Computer Equipment Accounts Payable 167 Miscellaneous Expenses 677 201 Repairs Expense-Computer 684 Office Equipment Oct. 1 S. Rey invested $54,000 cash, a $22,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. Nov. 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. 3 The company purchased $1,340 of computer supplies on credit from Harris Office Products. 5 The company paid $1,800 cash for one year's premium on a property and liability insurance policy. Hint: Debit Prepaid Insurance for $1,800. 6 The company billed Easy Leasing $5,300 for services performed in installing a new Web server. 8 The company paid $1,340 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 $1,600 for services performed. 15 The company received $5,300 cash from Easy Leasing as partial payment on its account. 17 The company paid $775 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,688 cash for advertisements. 22 The company received $1,600 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,208 for services performed. 31 The company paid $735 cash for Lyn Addie's wages for seven days' work. 31 The company paid a $3,300 cash dividend. 1 The company paid $250 cash for mileage expenses. 2 The company received $5,433 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,115 cash from Harris Office Products. 8 The company billed Gomez Co. $5,868 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 $2,108 cash from IFM Company as partial payment of the October 28 bill. 22 The company paid $220 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $220. 24 The company completed work and sent a bill for $4,250 to Alex's Engineering Co. 25 The company sent another bill to IFM Company for the past-due amount of $3,100. 28 The company paid $300 cash for mileage expenses.