On October 1, 2019. Santana Rey launched a computer services company. Business Solutions, that is organized...
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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 5. Rey invested $48,e00 cash, a $25,000 computer system, and $9,000 of office equipnent in the company. 3 The company purchased $1,510 of computer supplies on credit from Harris office Products. 6 The company billed Easy Leasing $5,800 for services performed in installing a new web server. 8 The company paid $1,510 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 $1,500 for services performed. 15 The company received $5,800 cash from Easy Leasing as partial payment toward its account. 17 The company paid $795 cash, to repair computer equipment danaged when moving it. 20 The company paid $1,718 cakh for advertisenents published in the local newspaper. 22 The company received $1,500 cash from Easy Leasing toward its account. 28 The company billed IFM Company $5,288 for services performed. 31 The conpany paid $98e cash for Lyn Addie's wages for seven days of work this month. 31 S. Rey withdrew $3,2ee 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 os per the transaction order provided in the question data.) Assets Liabilities Equity Accounts Computer Computer Office Accounts S. Rey, S. Rey, Date Cash + Receivable+ Supplies System Equipment Payable Capital Withdrawals+ Re Oct. 1 Oct. 3 Bal K Prev 1 of 1 Next> DELL 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 5. Rey invested $48,e00 cash, a $25,000 computer system, and $9,000 of office equipnent in the company. 3 The company purchased $1,510 of computer supplies on credit from Harris office Products. 6 The company billed Easy Leasing $5,800 for services performed in installing a new web server. 8 The company paid $1,510 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 $1,500 for services performed. 15 The company received $5,800 cash from Easy Leasing as partial payment toward its account. 17 The company paid $795 cash, to repair computer equipment danaged when moving it. 20 The company paid $1,718 cakh for advertisenents published in the local newspaper. 22 The company received $1,500 cash from Easy Leasing toward its account. 28 The company billed IFM Company $5,288 for services performed. 31 The conpany paid $98e cash for Lyn Addie's wages for seven days of work this month. 31 S. Rey withdrew $3,2ee 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 os per the transaction order provided in the question data.) Assets Liabilities Equity Accounts Computer Computer Office Accounts S. Rey, S. Rey, Date Cash + Receivable+ Supplies System Equipment Payable Capital Withdrawals+ Re Oct. 1 Oct. 3 Bal K Prev 1 of 1 Next> DELL
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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