Do not give answer in image On October 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation andprovides consulting services, computer system installations, and custom program development.October 1 S. Rey invested $50,000 cash, a $23,000 computer system, and $10,500 of office equipment in the company inexchange for its common stock.October 3 The company purchased $1,450 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 $1,450 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 $725 cash to repair its computer equipment.October 20 The company paid $1,628 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 $5,238 for services performed.October 31 The company paid $1,015 cash for the assistant's wages for this month..October 31 The company paid $3,100 cash in dividends to the owner (sole shareholder). Enter the amount of each transaction on individual items of the accounting equation. (Enter decreases to account balances with aminus sign. Enter as per the transaction order provided in the question data.)DateOctoberOctober 2Balance a Ober1 and October 3October 6Balance after OceOctoberBalance after October 8October 12Baance after October 12October15lance after October 15October 17Balance after October 17October 20Balance ater October 25October 22Balance afer October 22October 28Balance after October 2October 311Balance after October 31October 31Balance after October 31Cash•1.1.AccountsReceivable[+ComputerSupplies▸▸141+ComputerSystem.C•14OfficEquipmentLibeAccountsPayable++++...++...CommonStack-------+DividendsEquity.+++..+++•+....++..Revenues----Expenses

Name: Do not give answer in image On October 1, 2021, Santana Rey launched a
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Description: Do not give answer in image On October 1, 2021, Santana Rey launched a computer services company, Business Solutions, that is organized as a corporation andprovides consulting services, computer system installations, and custom program development.Oc

. Date cash + accounts receivable +…

Business

Accounting

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.) October 1 Odober 3 Date Balance afer Ob 1 and October 3 October 6 Balance after October October Balance after Ockor & October 12 Baance after Ociber 12 October 15 wance after October 15 Odober 17 Balance after October 17 October 20 Beace ater October 23 October 22 Baance after October 22 October 2 Balancs after October 28 October 31 Balance after Oct 31 October 31 Balance after October 31 Cash . • + • . + . ♦ Accounts Receivable • Assets Computer Supplies * Computer 10 41 Office Equipment M • Liabilities Accounts Payable + * . . . . Common Stack " Dividenda Equity . + * 4 . . . + + . . . * * ✦ . . * . . . Revenues Expenses

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.) October 1 Odober 3 Date Balance afer Ob 1 and October 3 October 6 Balance after October October Balance after Ockor & October 12 Baance after Ociber 12 October 15 wance after October 15 Odober 17 Balance after October 17 October 20 Beace ater October 23 October 22 Baance after October 22 October 2 Balancs after October 28 October 31 Balance after Oct 31 October 31 Balance after October 31 Cash . • + • . + . ♦ Accounts Receivable • Assets Computer Supplies * Computer 10 41 Office Equipment M • Liabilities Accounts Payable + * . . . . Common Stack " Dividenda Equity . + * 4 . . . + + . . . * * ✦ . . * . . . Revenues Expenses

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization

Section: Chapter Questions

Problem 80EDC

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