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 1S. Rey invested $54,000 cash, a $28,000 computer system, and $9,500 of office equipment in the company in exchange for its common stock.October 3The company purchased $1,510 of computer supplies on credit.October 6The company billed Easy Leasing $5,700 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 12The company billed Easy Leasing another $1,800 for services performed.October 15The company received $5,700 cash from Easy Leasing as partial payment toward its account.October 17The company paid $735 cash to repair its computer equipment.October 20The company paid $1,718 cash for advertisements published on Facebook.October 22The company received $1,800 cash from Easy Leasing toward its account.October 28The company billed IFM Company $5,253 for services performed.October 31The company paid $875 cash for the assistant's wages for this month.October 31The company paid $2,700 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.)please answer do not image .

Name: On October 1, 2021, Santana Rey launched a computer services company,
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Description: 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 1S. Rey invested $54,

The accounting equation states that total assets are equivalent to the total liabilities and equity.…

Answered: Required: Enter the amount of each…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 $54,000 cash, a $28,000 computer system, and $9,500 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 $5,700 for services performed in installing a new web server.
October 8	The company paid $1,510 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 $1,800 for services performed.
October 15	The company received $5,700 cash from Easy Leasing as partial payment toward its account.
October 17	The company paid $735 cash to repair its computer equipment.
October 20	The company paid $1,718 cash for advertisements published on Facebook.
October 22	The company received $1,800 cash from Easy Leasing toward its account.
October 28	The company billed IFM Company $5,253 for services performed.
October 31	The company paid $875 cash for the assistant's wages for this month.
October 31	The company paid $2,700 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.)

please answer do not image .

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