Homework Help is Here – Start Your Trial Now!
Business
Accounting
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. es October 1 S. Rey invested $48,000 cash, a $26,000 computer system, and $12,000 of office equipment in the company in exchange for its common stock. October 3 The company purchased $1,440 of computer supplies on credit. October 6 The company billed Easy Leasing $5,000 for services performed in installing a new web server. October 8 The company paid $1,440 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 $2,300 for services performed. * October 15 The company received $5,000 cash from Easy Leasing as partial payment toward its account. October 17 The company paid $790 cash to repair its computer equipment. October 20 The company paid $1,648 cash for advertisements published on Facebook. October 22 The company received $2,300 cash from Easy Leasing toward its account. October 28 The company billed IFM Company $5,293 for services performed. October 31 The company paid $875 cash for the assistant's wages for this month. October 31 The company paid $2,900 cash in dividends to the owner (sole shareholder).

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. es October 1 S. Rey invested $48,000 cash, a $26,000 computer system, and $12,000 of office equipment in the company in exchange for its common stock. October 3 The company purchased $1,440 of computer supplies on credit. October 6 The company billed Easy Leasing $5,000 for services performed in installing a new web server. October 8 The company paid $1,440 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 $2,300 for services performed. * October 15 The company received $5,000 cash from Easy Leasing as partial payment toward its account. October 17 The company paid $790 cash to repair its computer equipment. October 20 The company paid $1,648 cash for advertisements published on Facebook. October 22 The company received $2,300 cash from Easy Leasing toward its account. October 28 The company billed IFM Company $5,293 for services performed. October 31 The company paid $875 cash for the assistant's wages for this month. October 31 The company paid $2,900 cash in dividends to the owner (sole shareholder).

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter2: The Accounting Information System
Section: Chapter Questions
Problem 62APSA: Problem 2-62B Comprehensive Problem Mulberry Services sells electronic data processing services to...
See similar textbooks
icon
Related questions
Question

Every blank needs to be filled please including revenues and expenses cut out the photo, thank you!

October 1 October 3 Balance after October 1 and October 3 October 6 Balance after October 6 October 8 Balance after October 8 October 12 Balance after October 12 October 15 Balance after October 15 October 17 Balance after October 17 October 20 Balance after October 20 October 22 Balance after October 22 October 28 Balance after October 28 October 31 Balance after October 31 FI Date 2 F2 80 F3 888 $ 42 Cash F4 0 0+ 0 2 % 4 65 H 0+ + + + Accounts Receivable + 0+ + FS 0+ 0 + 0 24 0+ Prev + 0 + 96 4 Assets Computer Supplies 1 of 4 F6 0 & 7 0 0 MacBook Air = + 0+ 1460 20 + 2 F7 Computer System Next > 0 8 0 ▶R 0 0 + 0+ 0+ + + + 0+ 240 + + 20 F8 Office Equipment 9 0 0 0 0 0 0 11 11 0= 0 I 11 11 11 11 1 O Liabilities Accounts Payable 0 0 0 + + + + 0 + 0 + F10 0 + 0 + 0 + + 0+ + + + + - M H + P Common Stock 0 0 1 F11 0 0 0 1 1 1 0 1 1 0 I 0- 1 1 0 { 1 0 Dividends 0 0 0 F12 0 0 0 0 0 C15 delete
Transcribed Image Text:October 1 October 3 Balance after October 1 and October 3 October 6 Balance after October 6 October 8 Balance after October 8 October 12 Balance after October 12 October 15 Balance after October 15 October 17 Balance after October 17 October 20 Balance after October 20 October 22 Balance after October 22 October 28 Balance after October 28 October 31 Balance after October 31 FI Date 2 F2 80 F3 888 $ 42 Cash F4 0 0+ 0 2 % 4 65 H 0+ + + + Accounts Receivable + 0+ + FS 0+ 0 + 0 24 0+ Prev + 0 + 96 4 Assets Computer Supplies 1 of 4 F6 0 & 7 0 0 MacBook Air = + 0+ 1460 20 + 2 F7 Computer System Next > 0 8 0 ▶R 0 0 + 0+ 0+ + + + 0+ 240 + + 20 F8 Office Equipment 9 0 0 0 0 0 0 11 11 0= 0 I 11 11 11 11 1 O Liabilities Accounts Payable 0 0 0 + + + + 0 + 0 + F10 0 + 0 + 0 + + 0+ + + + + - M H + P Common Stock 0 0 1 F11 0 0 0 1 1 1 0 1 1 0 I 0- 1 1 0 { 1 0 Dividends 0 0 0 F12 0 0 0 0 0 C15 delete
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 corporation and provides consulting services, computer system installations, and custom program development. October 1 S. Rey invested $48,000 cash, a $26,000 computer system, and $12,000 of office equipment in the company in exchange for its common stock. Mc October 3 The company purchased $1,440 of computer supplies on credit. October 6 The company billed Easy Leasing $5,000 for services performed in installing a new web server. October 8 The company paid $1,440 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 $2,300 for services performed. October 15 The company received $5,000 cash from Easy Leasing as partial payment toward its account. October 17 The company paid $790 cash to repair its computer equipment. October 20 The company paid $1,648 cash for advertisements published on Facebook. October 22 The company received $2,300 cash from Easy Leasing toward its account. October 28 The company billed IFM Company $5,293 for services performed. October 31 The company paid $875 cash for the assistant's wages for this month. October 31 The company paid $2,900 cash in dividends to the owner (sole shareholder). 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.) Date October 1 October 3 Balance after October 1 and October 3 October 6 Balance after October 6 October 8 Cash WORDECERIAA 20 + Accounts Receivable Prev 20 + + Assets Computer Supplies 1 of 4 0+ MacBook Air + + 0 + + + F Computer System Next > 0+ 4.4 0+ F8 Office Equipment 0 11 F9 Liabilities Accounts Payable 0+ F10 Common Stock 0 F11 0 Dividends 0 F12 0 VIE
Transcribed Image Text: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 corporation and provides consulting services, computer system installations, and custom program development. October 1 S. Rey invested $48,000 cash, a $26,000 computer system, and $12,000 of office equipment in the company in exchange for its common stock. Mc October 3 The company purchased $1,440 of computer supplies on credit. October 6 The company billed Easy Leasing $5,000 for services performed in installing a new web server. October 8 The company paid $1,440 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 $2,300 for services performed. October 15 The company received $5,000 cash from Easy Leasing as partial payment toward its account. October 17 The company paid $790 cash to repair its computer equipment. October 20 The company paid $1,648 cash for advertisements published on Facebook. October 22 The company received $2,300 cash from Easy Leasing toward its account. October 28 The company billed IFM Company $5,293 for services performed. October 31 The company paid $875 cash for the assistant's wages for this month. October 31 The company paid $2,900 cash in dividends to the owner (sole shareholder). 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.) Date October 1 October 3 Balance after October 1 and October 3 October 6 Balance after October 6 October 8 Cash WORDECERIAA 20 + Accounts Receivable Prev 20 + + Assets Computer Supplies 1 of 4 0+ MacBook Air + + 0 + + + F Computer System Next > 0+ 4.4 0+ F8 Office Equipment 0 11 F9 Liabilities Accounts Payable 0+ F10 Common Stock 0 F11 0 Dividends 0 F12 0 VIE
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Personal Financial Statements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Corporate Financial Accounting
Corporate Financial Accounting
Accounting
ISBN:
9781337398169
Author:
Carl Warren, Jeff Jones
Publisher:
Cengage Learning
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS