- On October 1 2019 Santana Rey Launched A Computer Services Company Business Solutions That Is Organized As A Proprie 1 (28.03 KiB) Viewed 46 times
- On October 1 2019 Santana Rey Launched A Computer Services Company Business Solutions That Is Organized As A Proprie 2 (45.29 KiB) Viewed 46 times
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. Oct. 1 5. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the
company. 3 The
company purchased $1,420 of computer supplies on credit from Harris Office Products. 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 computer supplies purchased from Harris Office Products on October 3. 10 The
company hired Lyn Addie as a part-time assistant for $125 per day, as needed. 12 The
company billed Easy Leasing another $1,400 for services performed. 15 The
company received $4,800 cash from Easy Leasing as partial payment toward its account. 17 The
company paid $805 cash to repair computer equipment damaged when moving it. 20 The
company paid $1,728 cash for advertisements published in the local newspaper. 22 The
company received $1,400 cash from Easy Leasing toward its account. 28 The
company billed IFM
Company $5,208 for services performed.. 31 The
company paid $875 cash for Lyn Addie's wages for seven days of work this month. 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. Show new balances after each transaction. (Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the
question data.) Assets Equity Accounts Receivable + Liabilities Accounts Computer Supplies Computer System Date Office Equipment S. Rey. Withdrawals Cash S. Rey, Capital Payable o 0. 0. 0. 0. D. 0+ D Oct 1 Oct. 3 Bal Oct 6 Bal Oct. B Bal Oct 10 Bal Oct 12 Bal Oct. 15 Bal Oct. 17 Bal Oct 20 Bal 0. 01. . 0+ 0+ 0 0. 0+ 0+ 4 + 0. 0. 0. • 0. 0. . 0. + 0. 0+ 01. o 0. 0. 0+ 0. 0. 0+ . 0 0 0- 0 0 0 0 ol + 0. 0. 0+ . 0+ + 0. + + 0. + 0- 0. 0- 0- 0- 0- 0- 0 0 0 0. 0 . . 0. . 0+ • 0. + 0. 0 . . 0. Revenues 0- 01- 0 0- 0- 0- 0 Expe