Question: SP 1 Serial Problem Business Solutions ( Algo ) LO P 1 On October 1 , 2 0 2 1 , Santana Rey launched a

SP 1 Serial Problem Business Solutions (Algo) 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 Santana Rey invested $49,000 cash, a $26,000 computer system, and
$13,000 of office equipment in the company.
October 3 The company purchased $1,480 of computer supplies on credit.
October 6 The company billed Easy Leasing $5,300 for services performed in
installing a new web server.
October 8 The company paid $1,480 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 $2,200 for services
performed.
October 15 The company received $5,300 cash from Easy Leasing as partial
payment toward its account.
October 17 The company paid $765 cash to repair its computer equipment.
October 20 The company paid $1,638 cash for advertisements published on
Facebook.
October 22 The company received $2,200 cash from Easy Leasing toward its
account.
October 28 The company billed IFM Company $5,258 for services performed.
October 31 The company paid $945 cash for the assistant's wages for this
month.
October 31 Santana Rey withdrew $2,700 cash from the company for personal
 SP 1 Serial Problem Business Solutions (Algo) LO P1 On October

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