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On October 1, 2020. Santana Rey launched a computer services company. Business Solutions, that is organized as a corporation and provides consulting services, computer system
On October 1, 2020. Santana Rey launched a computer services company. Business Solutions, that is organized as a corporation and provides consulting services, computer system installations, and custom program development. Oct. 1 5. Rey invested $48,eee cash, a $25,eee computer system, and $8,508 of office equipment in the company in exchange for its common stock. 3 The company purchased $1,51e of computer supplies on credit. 6 The company billed Easy Leasing $5,6ee for services performed in installing a new web server. 8 The company paid $1,510 cash for the computer supplies purchased on credit on October 3. 10 The company hired a part-time assistant. 12 The company billed Easy Leasing another $1,580 for services performed. 15 The company received $5,6ee cash from Easy Leasing as partial payment toward its account. 17 The company paid $770 cash to repair its computer equipment. 20 The company paid $1,698 cash for advertisements published on Facebook. 22 The company received $1,5ee cash from Easy Leasing toward its account. 28 The company billed IFM Company $5,303 for services performed. 31 The company paid $1,015 cash for the assistant's wages for this month. 31 The company paid $3,400 cash in dividends to the owner (sole shareholder). Required: Enter the amount of each transaction on individual items of the accounting equation. Show new balances after each transaction. (Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the question data.) Assets Liabilities Equity Date Cash Accounts Receivable Computer Supplies Computer System Office Equipment Accounts Payable Common Stock Dividends Revenues Expenses Oct. 1 + Oct. 3 + + + + Bal 0 + 01 + 0+ 0 + 01 = 0 0 0 + 0 0 + + Oct. 6 Bal 0 + 01 + 0+ 01 01 = 0 0 + 0 0 Oct. 8 + + + Bal. 0 + 01 + 01 + 0 + 0/= 01 + 0 0 + 0 0 Oct. 12 + + Bal. 0+ 01 + 01 + 0 + 0 = 0 0 0 + 0 0 Oct. 15 + Bal. 0 + 01 + 0+ 0 + 0 = 01 + 0 0 + 0 0 Oct. 17 + Bal. 0+ 01 + 01 + 0 + 0 = 0 0 0 + 0 0 + Oct. 20 Bal. 0 + 01 + 0+ 0 + 0 = 01 + 0 0 + 0 0 Oct. 22 + Bal. 0+ 01 + 0+ 0 + 0 = 0 0 + 0 0 Oct. 28 . + + + + Bal. 0 + 01 + 0 0+ 0 = 0 0 0 + 0 0 ++ Oct. 31 + = + + Bal. 0 + 01 41 01 + 0 + 01 = 01 + 0 0 + 0 0 Oct. 31 + + Bal. s 0 + S 0 $ 0+ S 0 + $ 01 = S 0 $ 0 $ 0 + $ 0 S 0
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