Reference no: EM132931042
On October 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation and provides consulting services, computer system installations, and custom program development.
October 1 S. Rey invested $53,000 cash, a $23,000 computer system, and $8,000 of office equipment in the company in exchange for its common stock.
October 3 The company purchased $1,510 of computer supplies on credit.
October 6 The company billed Easy Leasing $5,800 for services performed in installing a new web server.October 8The company paid $1,510 cash for the computer supplies purchased on credit on October 3.October 10The company hired a part-time assistant
October 12 The company billed Easy Leasing another $2,400 for services performed.
October 15 The company received $5,800 cash from Easy Leasing as partial payment toward its account.
October 17 The company paid $770 cash to repair its computer equipment.
October 20 The company paid $1,663 cash for advertisements published on Facebook.
October 22 The company received $2,400 cash from Easy Leasing toward its account.
October 28 The company billed IFM Company $5,268 for services performed.
October 31 The company paid $875 cash for the assistant's wages for this month.
October 31 The company paid $3,400 cash in dividends to the owner (sole shareholder).
Required:
Problem 1: Enter the amount of each transaction on individual items of the accounting equation.