SERIAL PROBLEM Dusinews Sohutoms P1 A1 Serial problem started in Chapter I. If the Chapter I segment wes not completed, the problem can begin ot this pount. It is arailable in Connect with at algorichimic oprion. SP 2 On October 1, 2021, Santana Rey launched a computer vervices company called Business Solutions, which provides consulting services, computer system installations, and custom program development. The company's initial chart of accounts follows. Requilred 1. Prepure joarnal entries to record each of the following transactions for Business Solutions: Oct. 1 S. Rey invested $45,000 cash, a $20,000 compter system, and $8,000 of office equipment is the company. 2 The company paid \$3,300 cash for four months' rent. Hint: Debit Prepaid Rent for \$3,300. 3 The company purchased $1,420 of compuer supplies on credit from Harris Office Products. 5 The company paid $2,220 cash for one year's premiam on a properily and liability insurance. policy. Hint: Debit Prepaid Insurance for $2,220 6 The company billed Easy Leasing $4,800 for services performed in installing a new web server: 8 The company paid $1,420 cash for the compater supplies parchased froot Harris Office Products on October 3 * 10 The company hired Lya Addie as a part-time assistant 12 The company billed Easy Leasing another $1,400 for services performed. 15 The company received 54,800 cash from Easy Lcasing as partial payment on its account. 17 The company paid $805 cash to repair compoter equipmest that was damaged when moving it: 20 The company paid $1,728 cash for advertisements 22 The company received $1,400 cash from Easy Leasing on its account. 28 The company billed IFM Company $5,208 for services performed. 31 The company paid 5875 cash for Lyn Addie's wages for seven days' work. 31 S. Rey withdrew $3,600 cash from the company for personal use. Nov, I The company paid $320 cash for mileage expenses. 2 The company received 54,633 cash from 1 iu Corpocation for compater services performed. \$ The cempany purchased computer supplies for $1,125 cash from Harris Office Products. if The company belled Gomez Co. 55,66K for services performed. - 13 The company ageed to perform future servees for Alex's Engineering Co. No work bas zet been performed I8. The company received $2,208 cash from If M Company as partial payment of the October 28 bill. 22 The company paid $250 cath for miscellaneous expenues, Hint; Debit Miscellancous Expenses for $250. 24 The company completed wock and sent a bill for 53,950 to Alex's Engincering Co. - 25 The company seat another bill to IFM Company for the past-due amount of 53,000 . 28 The company paid $384 cash for mileage expenses. 30 'The company paid $1,750 cash for Lyn Addie's wages for 14 days' work. 30 S. Rey withdrew $2,000 cash from the company for personal use. 2. Open ledger accounts (in balance columin format) and post the journal entries from part I to them. Check Q) Cinh Now 30 3. Prepare a trial balance as of the end of November. ost, 530264 B) Tharben totin s9e.6so