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ped Int On October 1, 2019, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services,
ped Int On October 1, 2019, 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. Oct. 1 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company. 3 The company purchased $1,420 of computer supplies on credit from Harris Office Products. 6 The company billed Easy Leasing $4,800 for services performed in installing a new web server. 8 The company paid $1,428 cash for the computer supplies purchased from Harris Office Products on October 3. 10 The company hired Lyn Addie as a part-time assistant for $125 per day, as needed. 12 The company billed Easy Leasing another $1,488 for services performed. 15 The company received $4,880 cash from Easy Leasing as partial payment toward its account. 17 The company paid $885 cash to repair computer equipment damaged when moving it. 20 The company paid $1,728 cash for advertisements published in the local newspaper. 22 The company received $1,400 cash from Easy Leasing toward its account. 28 The company billed IFM Company $5,288 for services performed. 31 The company paid $875 cash for Lyn Addie's wages for seven days of work this month. 31 S. Rey withdrew $3,600 cash from the company for personal use. 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.) ences Accounts Date Oct. 1 Cash + Receivable Assets Computer Suppilee Computer System Office Equipment Liabilities Accounts Payable Equity S. Roy. Capital S. Roy. - Withdrawala + Revenues Expenses Oct. 3 Bal 0+ 0 0+ 0+ 0 = 0+ 0 0 + 0- 0 Oct. 6 + Bal. 0+ 0 0+ 0+ 0 0+ 0 0 + 0- 0 Oct. 8 + + + Bal 0+ 0 0+ 0+ 0 = 0 + 0 0 + 0 Oct. 10 + + + Bal 01+ 0 0 0 0 0 + 0 0 + 0 0 Oct. 12 + + Bal. 0+ 0 0 0+ 0 01+ 0 0 + 0 0 Oct. 15 + + + Bal 0 + 0 0+ 0 0 + 0 0 + 0 - Oct. 17 + + + Bal. 0+ 0 0+ 0+ 0 = 0+ 0 0 + 0- 0 Oct. 20 Bal 0+ 0 0 0 0+ 0 0 + 0- 0 Oct. 22 Bal + + + 0+ 0 0+ 0+ + 0 0 + 01- Oct. 28 + + + Bal. 0+ 0 0+ 0+ 0 = 0+ 0 0 + ol- 0 Oct. 31 + Bal 0+ 0 0+ 0+ 0 0 + 0 Oct. 31 + Bal $ 0+ S 0 $ 0 S S 0 + + $ 0 S 0 $ 0 + S 0 $ 0 0
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