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. Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. Account 101 Common Stock 106 Dividends 126 Computer Services Revenue 128 Wages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No 307 319 403 623 655 676 677 684 Oct. 1 S. Rey infested $51,000 cash, a $23,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. 3 The company purchased $1,350 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 $5,100 for services performed in installing a new Web server. 8 The company paid 1,350 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 $2,200 for services performed. 15 The company received $5,100 cash from Easy Leasing as partial payment on its account. 17 The company paid $795 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,703 cash for advertisements. 22 The company received $2,200 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,708 for services performed. 31 The company paid $945 cash for Lyn Addie's wages for seven days' work. 31 The company paid a $2,900 cash dividend. Nov. 1 The company paid $320 cash for mileage expenses. 2 The company received $4,833 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,025 cash from Harris Office Products. 8 The company billed Gomez Co. $5,968 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 $3,708 cash from IFM Company as partial payment of the October 28 bill. 22 The company paid $180 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $180. 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. Account Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent Office Equipment Computer Equipment Accounts Payable No. Account 101 Common Stock 106 Dividends 126 Computer Services Revenue 128 Wages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer No 307 319 403 623 655 676 677 684 Oct. 1 S. Rey infested $51,000 cash, a $23,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. 2 The company paid $3,300 cash for four months' rent. Hint: Debit Prepaid Rent for $3,300. 3 The company purchased $1,350 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 $5,100 for services performed in installing a new Web server. 8 The company paid 1,350 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 $2,200 for services performed. 15 The company received $5,100 cash from Easy Leasing as partial payment on its account. 17 The company paid $795 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,703 cash for advertisements. 22 The company received $2,200 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,708 for services performed. 31 The company paid $945 cash for Lyn Addie's wages for seven days' work. 31 The company paid a $2,900 cash dividend. Nov. 1 The company paid $320 cash for mileage expenses. 2 The company received $4,833 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,025 cash from Harris Office Products. 8 The company billed Gomez Co. $5,968 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 $3,708 cash from IFM Company as partial payment of the October 28 bill. 22 The company paid $180 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expenses for $180.