Serial Problem Business Solutions (Algo) LO A1, P1 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 No. Cash Accounts Receivable Computer Supplies Prepaid Insurance Prepaid Rent office Equipment Computer Equipment Accounts Payable No. Account 101 Common Stock 106 Dividendo 126 Computer Services Revenue 128 Wages Expense 131 Advertising Expense 163 Mileage Expense 167 Miscellaneous Expenses 201 Repairs Expense-Computer! 307 319 403 623 655 676 677 684 Oet. 1 5. Rey invested $46,000 cash, a $27,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. 2 The company paid $3,260 cash for four months' rent. Wint: Debit Prepaid Rent for $3,260. 3 The company purchased $1,3B0 of computer supplies on credit from Harris Office Products 5 The company paid $1,860 cash for one years premium on a property and liability insurance policy. Hintt Debit Prepaid Insurance for $1,860. 6 The company billed Easy Leaning $5,300 for services performed in installing a new web server. 8 The company paid $1,380 cash for the computer supplies purchased from Harris office Products on October 3. 10 The company hired Lyn Addio as a part-time assistant. 12 The company billed Enny Leasing another $1,500 for services performed. 15 The company received $5,300 cash from Easy Leasing as partial payment on its account. 17 The company paid $785 cash to repair computer equipment that was damaged when moving it. 20 The company paid $1,728 cash for advertisements. 22 The company received $1,500 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,908 for services performed 31 The company paid $805 cash for Lyn Addie's wagen for seven days' work. 31 The company paid a $3,600 canh dividend. 1 The company paid $300 cash for mileage expenses. 2 The company received 55,233 canh from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,090 canh 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 $2,708 cash from IFM Company as partial payment of the October 28 bill. 22 The company paid $250 cash for miscellaneous expenses. Wint: Debit Miscellaneous Expenses for $250. 24 The company completed work and sent a bill for $4,350 to Alex's Engineering Co. 25 The company sent another bill to IPM Company for the past-due amount of $3,200. 28 The company paid $360 cash for mileage expenses. 30 The company paid 51,610 cash for Lyn Addio's vages for 14 days work. 30 The company paid a $1.400 cash dividend. Nov. 1 S. Rey invested $46,000 cash, a $27,000 computer system, and $9,000 of office equipment in the company in exchange for common stock. The company paid $3,260 cash for four months' rent. The company purchased $1,380 of computer supplies on credit from Harris Office Products. The company paid $1,860 cash for one year's premium on a property and liability insurance policy. 5 The company billed Easy Leasing $5,300 for services performed in installing a new Web server. 6 The company paid $1,380 cash for the computer supplies Note : journal entry has been entered Record entry Clear entry 7 The company hired Lyn Addie as a part-time assistant. 00 8 The company billed Easy Leasing another $1,500 for services performed. 9 The company received $5,300 cash from Easy Leasing as partial payment on its account. 10 The company paid $785 cash to repair computer equipment that was damaged when moving it. 11 The company paid $1,728 cash for advertisements. 12 The company received $1,500 cash from Easy Leasing on italit Note : = journal entry has been entered Record entry Clear entry View EX x 12 The company received $1,500 cash from Easy Leasing on its account. oc 13 The company billed IFM Company $5,908 for services performed. 14 The company paid $805 cash for Lyn Addie's wages for seven days' work. 15 The company paid a $3,600 cash dividend. 16 The company paid $300 cash for mileage expenses. cion 17 The company received $5,233 cash from Liu Corpo for computer services performed. 18 The company purchased computer supplies for $1,090 cash from Harris Office Products. 19 The company billed Gomez Co. $5,968 for services performed. 20 The company agreed to perform future services for Alex's Engineering Co. No work has yet been performed. 21 The company received $2,708 cash from IFM Company as partial payment of the October 28 bill. 22 The company paid $250 cash for miscellaneous expenses. 22 The company paid $250 cash for miscellaneous expenses. 23 The company completed work and sent a bill for $4,350 to Alex's Engineering Co. 24 The company sent another bill to IFM Company for the past-due amount of $3,200. 25 The company paid $360 cash for mileage expenses. 26 The company paid $1,610 cash for Lyn Addie's wages for 14 days' work. 27 The company paid a $1,400 cash dividend. 101: Cash 105: Accounts Receivable Debit Credit Balance Date Date Dobit Credit Balance 126: Computer Supplies 128: Prepaid Insurance Date Debit Credit Balance Date Debit Credit Balance 128: Prepaid Insurance 126: Computer Supplies Debit Credit Balance Date Debit Credit Balance Date 163: Office Equipment 131: Prepaid Rent Debit Credit Balance Date Date Debit Balance Credit 201: Accounts Payable 167: Computer Equipment Credit Debit Balance Date Balance Date Debit Credit 319: Dividends 307: Common Stock Debit Credit Balance Date Date Debit Credit Balance 623: Wages Expense 403: Computer Services Revenue Date Debit Credit Balance Balance Date Debit Credit 623: Wages Expense Debit Credit 403: Computer Services Revenue Balance Date Balance Credit Debit Dato 655: Advertising Expense 676: Mileage Expense Debit Credit Balance Date Balance Credit Date Debit 677: Miscellaneous Expenses Debit Credit 684: Repairs Expense-Computer Debit Credit Balance Balance Date Date BUSINESS SOLUTIONS Trial Balance November 30 Cash Accounts receivable Computer supplies Prepaid insurance Prepaid rent Office equipment Computer equipment Accounts payable Common Stock Dividends Computer services revenue Wages expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals