rome File Edit View History Bookmarks Profiles Tab Inbox (228) abigailoforiwaal x | M Gmail Window Help iConnect - Home x M Question 1-Mid-Term Exam x wil 47988_xappA_A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... id-Term Exam i Saved Help Save 1 Skipped Ask On October 1, 2021, 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. October 1 Santana Rey invested $52,000 cash, a $26,000 computer system, and $12,000 of office equipment in the company. October 3 The company purchased $1,390 of computer supplies on credit. October 6 The company billed Easy Leasing $4,900 for services performed in installing a new web server. October 8 The company paid $1,390 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 $4,900 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 $1,708 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 $5,258 for services performed. October 31 The company paid $1,015 cash for the assistant's wages for this month. October 31 Santana Rey withdrew $2,800 cash from the company for personal use. Required: Enter the amount of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the que Mc Graw Hill October 1 Date October 3 Balance after October 1 and October 3 October 6 Ralance after October Assets Cash + Accounts Receivable Computer Supplies Computer System Office Equipment + + 0+ 0+ 0+ + 0+ + 3+ Prev 1 of 13 Next > JUN 6 tv MacBook Pro 0 = A Aa
rome File Edit View History Bookmarks Profiles Tab Inbox (228) abigailoforiwaal x | M Gmail Window Help iConnect - Home x M Question 1-Mid-Term Exam x wil 47988_xappA_A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... id-Term Exam i Saved Help Save 1 Skipped Ask On October 1, 2021, 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. October 1 Santana Rey invested $52,000 cash, a $26,000 computer system, and $12,000 of office equipment in the company. October 3 The company purchased $1,390 of computer supplies on credit. October 6 The company billed Easy Leasing $4,900 for services performed in installing a new web server. October 8 The company paid $1,390 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 $4,900 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 $1,708 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 $5,258 for services performed. October 31 The company paid $1,015 cash for the assistant's wages for this month. October 31 Santana Rey withdrew $2,800 cash from the company for personal use. Required: Enter the amount of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the que Mc Graw Hill October 1 Date October 3 Balance after October 1 and October 3 October 6 Ralance after October Assets Cash + Accounts Receivable Computer Supplies Computer System Office Equipment + + 0+ 0+ 0+ + 0+ + 3+ Prev 1 of 13 Next > JUN 6 tv MacBook Pro 0 = A Aa
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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id-Term Exam i
Saved
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1
Skipped
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On October 1, 2021, 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.
October 1 Santana Rey invested $52,000 cash, a $26,000 computer system, and $12,000 of office equipment in the
company.
October 3 The company purchased $1,390 of computer supplies on credit.
October 6 The company billed Easy Leasing $4,900 for services performed in installing a new web server.
October 8 The company paid $1,390 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 $4,900 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 $1,708 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 $5,258 for services performed.
October 31 The company paid $1,015 cash for the assistant's wages for this month.
October 31 Santana Rey withdrew $2,800 cash from the company for personal use.
Required:
Enter the amount of each transaction on individual items of the accounting equation.
Note: Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the que
Mc
Graw
Hill
October 1
Date
October 3
Balance after October 1 and October 3
October 6
Ralance after October
Assets
Cash
+
Accounts
Receivable
Computer
Supplies
Computer
System
Office
Equipment
+
+
0+
0+
0+
+
0+
+
3+
Prev
1 of 13
Next
>
JUN
6
tv
MacBook Pro
0 =
A
Aa](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F80b45471-670e-4c49-990f-b002a1df36f6%2F318e594e-32ca-4cda-b169-48703a3ef14c%2F9dim26q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:rome
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x M Question 1-Mid-Term Exam
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wil 47988_xappA_A
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe...
id-Term Exam i
Saved
Help
Save
1
Skipped
Ask
On October 1, 2021, 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.
October 1 Santana Rey invested $52,000 cash, a $26,000 computer system, and $12,000 of office equipment in the
company.
October 3 The company purchased $1,390 of computer supplies on credit.
October 6 The company billed Easy Leasing $4,900 for services performed in installing a new web server.
October 8 The company paid $1,390 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 $4,900 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 $1,708 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 $5,258 for services performed.
October 31 The company paid $1,015 cash for the assistant's wages for this month.
October 31 Santana Rey withdrew $2,800 cash from the company for personal use.
Required:
Enter the amount of each transaction on individual items of the accounting equation.
Note: Enter decreases to account balances with a minus sign. Enter as per the transaction order provided in the que
Mc
Graw
Hill
October 1
Date
October 3
Balance after October 1 and October 3
October 6
Ralance after October
Assets
Cash
+
Accounts
Receivable
Computer
Supplies
Computer
System
Office
Equipment
+
+
0+
0+
0+
+
0+
+
3+
Prev
1 of 13
Next
>
JUN
6
tv
MacBook Pro
0 =
A
Aa
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