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Serial Problem Business Solutions LO C4, P1 On October 1, 2019, Santana Rey launched a computer services company, Business Solutions, that is organized as a
Serial Problem Business Solutions LO C4, P1 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. 1 S. Rey invested $48,000 cash, a $30,000 computer system, and $8,500 of office equipment in the company 3 The company purchased $1,490 of computer supplies on credit from Harris Office Products 6 The company billed Easy Leasing $5,000 for services performed in installing a new web server 8 The company paid $1,490 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 $140 per day, as needed. 12 The company billed Easy Leasing another $2,400 for services performed. 15 The company received $5,000 cash from Easy Leasing as partial payment toward its account. 17 The company paid $730 cash to repair computer equipment damaged when moving it. 20 The company paid $1,678 cash for advertisements published in the local newspaper. 22 The company received $2,400 cash from Easy Leasing toward its account. 28 The company billed IFM Company $5,308 for services performed. 31 The company paid $980 cash for Lyn Addie's wages for seven days of work this month. 31 S. Rey withdrew $2,900 cash from the company for personal use Oct 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.)
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