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SP 1 Serial Problem Business Solutions (Static) LO P1 On October 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized
SP 1 Serial Problem Business Solutions (Static) LO P1 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 S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company. October 3 The company purchased $1,420 of computer supplies on credit. October 6 The company billed Easy Leasing $4,800 for services performed in installing a new web server. October 8 The company paid $1,420 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 $1,400 for services performed. October 15 The company received $4,800 cash from Easy Leasing as partial payment toward its account. October 17 The company paid $805 cash to repair its computer equipment. October 20 The company paid $1,728 cash for advertisements published on Facebook. October 22 The company received $1,400 cash from Easy Leasing toward its account. October 28 The company billed IFM Company $5,208 for services performed. October 31 The company paid $875 cash for the assistant's wages for this month. October 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. (Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the question data.) Assets Liabilities + Date Cash Accounts Receivable Computer + Computer Supplies Office Equipment System Accounts Payable + S. Rey. Capital S. Rey, Withdrawals October 1 + + + October 3 + + + + + 0 + 0 + 0 + 0 + 0= 01 + 0 - 0 + + + + 0 + 0 + 0 + 0 0 = 0 + 0 0 0 + + + + + = 1 + 0 + 0 + 0 + 0 + + 0 + 0 - 0 0 = 0 = + + + + 0 + 0 = 01 + 0 - 0 0 + + 0 + T. + 0 + + + = + - Balance after October 1 and October 3 October 6 Balance after October 6 October 8 Balance after October 8 October 12 Balance after October 12 October 15 Balance after October 15 October 17 Balance after October 17 October 20 Balance after October 20 October 22 Balance after October 22 October 28 0 0 + 0 + 0 + 0 = 0 + 0 - 0 + + + + 0 + 1+ 0 + 1+ 0 + 0 + 0 + 0 - 0 0 + + 0= F + + 0 + 0 0= 01 + 0 - 0 0 0 + + + 0 + 0 + 0 + 0 + 0 + + + 0+ 0 + 0 + 0 = 0 + 0 - 0 + + October 8 + + + + + Balance after October 8 0+ 0 + 0+ 0 + 0 = 0 + 0 - 0 October 12 + + + + = + Balance after October 12 0+ 0+ 0+ 0+ 0 = 0 + 0 0 October 15 IIII + + + + + + Balance after October 15 0 + 0 + 0 + 0= 0 + 0 October 17 + + + + = + Balance after October 17 0+ 0+ 0+ 0+ 0 = 0 + 0 0 October 20 + + + + 11 + Balance after October 20 0 + 0+ 0 + 0+ 0 = 0 + 0 0 October 22 + + + + II + Balance after October 22 0+ 0+ 0+ 0+ 0 = 0 + 0 0 October 28 + + + = + + + Balance after October 28 0+ 0 + 0 + 0 + 0 = 0 + 0 October 31 + + + + + + + + Balance after October 31 0+ 0+ 0+ 0+ 0 = 0 + 0 0 + + + + II II II II October 31 + = + Balance after October 31 $ 0 + $ 0 + $ 0+ $ 0 + $ 0 = $ 0 + $ 0 $ 0 Equity S. Rey, Capital S. Rey, Withdrawals + Revenues Expenses + + 0 - 0 + 0 0 + - 0 0 + O - 0 - - + TTTTTTTTTTTT 0 0 + 0 0 - + - - - 0 - 0 + O - 0 + - - O - - 0 + O - - 0 - + 0 - 0 + 0- 0
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