Question
On October 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system
On October 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system installations, and custom program development. October 1 Santana Rey invested $45,000 cash, a $30,000 computer system, and $13,000 of office equipment in the company. October 3 The company purchased $1,480 of computer supplies on credit. October 6 The company billed Easy Leasing $5,100 for services performed in installing a new web server.
October 8 The company paid $1,480 cash for the computer supplies purchased on credit on October 3.
October 10 The company hired a part-time assistant.
October 12 The company billed Easy Leasing another $1,500 for services performed
October 15The company received $5,100 cash from Easy Leasing as partial payment toward its account.October 17The company paid $735 cash to repair its computer equipment.October 20The company paid $1,678 cash for advertisements published on Facebook.October 22The company received $1,500 cash from Easy Leasing toward its account.October 28The company billed IFM Company $5,273 for services performed.October 31The company paid $945 cash for the assistant's wages for this month.October 31Santana Rey withdrew $3,200 cash from the company for personal useStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started