READ THE NUMBERS PLEASE
On October 1, 2021, 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. october 1 s. Rey invested $51,000 eash, a $22,000 conputer nysten, and $8,000 of office equipent in the conpany in exchange for comon stock. October 2 The company paid $3,280 cash for four ronths' rent, Hinti Debit Prepaid Rent Cor $3,280. october 3 The company purchased $1,370 of computer supplien on oredit from Harrin office Produets. october 5 The company paid $1,860 cash for one year's premium on a property and liability insurance policy, Hint; Debit Prepaid Insurance for $1,860. october 6 The company billed zasy Leasing $5,500 for fervices perforned in ingtalling a new Wob server. October 8. The company paid $1,370 cash for the conputer supplies purchased from liarris office Producta on october 3. Oetober 10 The eoapany hired Lya Mddle as a part-time assintant. Oetober 12 The company billed gany leasing another \$1, 500 for services performed. October 15 The company received $5,500 cash fron rasy leasing as partial payment on its account. october 17 The company paid $795 cash to repair computer equipment that van danaged uhen moving it. Oetober 20 The company paid $1,713 eash for advertiaementn. October 22 The company received $1,600 cash fron Easy Leasing on lta account. 0etober 28 The company billed IFH Company \$6,008 for servicen performed. oetober 31 The company paid 51,050 cash for tyn Addie's vages for neven days' work. Ootober 31 The conpany paid a 52,600cash dividend. November 1 The company paid 5310 cash for mileage expenaes. Novenber 2 The conpany received $4,633 canh from Liu corporation for eomputer services pertormed. Novenber 5 The company purobased conputer supplien for 51,035 cash from Ifarria office products. Novenber The company billed Gonex company 56,06e for services perforned. November 13 The conpany agreed to perforn future serviees for Alex's Engineering Conpany, No work has yet been performed. November 111 The conpany received $2,208 canh fron iry company as partial payment of the oetober 28 bill. Novenber 22. The oompany paid $230 eash for niseellaneous expenses. Jinti Debit Mileelianeous Expenses for $230. Hovembex 24 the conpany completed work and aent a bi11 for \$4, 650 to Alex's fingineering Conpany. Woverber 25. The conpany sent another bi11 to IFX conpany for the past-due amount of $3,800. Tovember 211 The coempany paid $372 cash for inileage expenses. Novenber 30 The conpany paid $2,100 cash for Lyn Addie' " vages for 14 days' vork. November 30 The company paid a $1,700 casb dividend. Required: 1. Prepare journal entries to record each of the above transoctions for Business. Solutions. 2. Prepare ledger accounts (in balance column format) and post the journal entries from requirement 1 to them. 3. Prepare a trial balance as of the end of November
