Question: Time sensitive. Thank you! SP 1 Serial Problem Business Solutions (Algo) LOP1 On October 1, 2021, Santana Rey launched a computer services company, Business Solutions,


Time sensitive. Thank you!
SP 1 Serial Problem Business Solutions (Algo) LOP1 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 $46,000 cash, a $22,000 computer system, and $9,500 of office equipment in the company. October 3 The company purchased $1,470 of computer supplies on credit. October 6 The company billed Easy Leasing $5,400 for services performed in installing a new web server. October 8 The company paid $1,470 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 $1,900 for services performed. October 15 The company received $5,400 cash from Easy Leasing as partial payment toward its account. October 17 The company paid $715 cash to repair its computer equipment. October 20 The company paid $1,728 cash for advertisements published on Facebook. October 22 The company received $1,900 cash from Easy Leasing toward its account. October 28 The company billed IFM Company $5,293 for services performed. October 31 The company paid $910 cash for the assistant's wages for this month. October 31 S. Rey withdrew $3,300 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.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
