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 $49,000 cash, a $28,000 computer system, and $8,500 of office equipment in the company in exchange for its common stock. October 3 The company purchased $1,460 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 $1,460 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 $2,000 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 $775 cash to repair its computer equipment. October 20 The company paid $1,643 cash for advertisements published on Facebook. October 22 The company received $2,000 cash from Easy Leasing toward its account. October 28 The company billed IFM Company $5,243 for services performed. October 31 The company paid $910 cash for the assistant's wages for this month. October 31 The company paid $3,200 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.)
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 $49,000 cash, a $28,000 computer system, and $8,500 of office equipment in the company in exchange for its common stock. October 3 The company purchased $1,460 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 $1,460 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 $2,000 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 $775 cash to repair its computer equipment. October 20 The company paid $1,643 cash for advertisements published on Facebook. October 22 The company received $2,000 cash from Easy Leasing toward its account. October 28 The company billed IFM Company $5,243 for services performed. October 31 The company paid $910 cash for the assistant's wages for this month. October 31 The company paid $3,200 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
100%
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.)
Transcribed Image Text:cure Problemi
Date
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
October 31
Balance after October 31
Cash
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Dividends
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![o.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fblackboard.uafs.edu%252Fwebapps%252Fblackb...
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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 $49,000 cash, a $28,000 computer system, and $8,500 of office equipment in the company in
exchange for its common stock.
October 3 The company purchased $1,460 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 $1,460 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 $2,000 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 $775 cash to repair its computer equipment.
October 20 The company paid $1,643 cash for advertisements published on Facebook.
October 22 The company received $2,000 cash from Easy Leasing toward its account.
October 28 The company billed IFM Company $5,243 for services performed.
October 31 The company paid $910 cash for the assistant's wages for this month.
October 31 The company paid $3,200 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
+
+
+
+
Saved
+
+
Accounts
Receivable
< Prev
|+|
+
+
+
+
Assets
Computer
Supplies
1 of 1
+
+
+
Computer
System
Next >
+
+
+
+
+
Office
Equipment
+
=
=
=
=
Liabilities
Accounts
Payable
+
+
+
+
+
+
+
Help
Common
Stock
Save & Exit
-
Submit
Check my work
Dividends](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa64123de-a4af-4006-93da-eac7f0bdcdf5%2F3ab6f508-acad-4825-a611-654fb9458b98%2Fb1cnf1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:o.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fblackboard.uafs.edu%252Fwebapps%252Fblackb...
Signature Problem i
ed
]
ok
5
nt
rences
Ic
raw
ill
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 $49,000 cash, a $28,000 computer system, and $8,500 of office equipment in the company in
exchange for its common stock.
October 3 The company purchased $1,460 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 $1,460 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 $2,000 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 $775 cash to repair its computer equipment.
October 20 The company paid $1,643 cash for advertisements published on Facebook.
October 22 The company received $2,000 cash from Easy Leasing toward its account.
October 28 The company billed IFM Company $5,243 for services performed.
October 31 The company paid $910 cash for the assistant's wages for this month.
October 31 The company paid $3,200 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
+
+
+
+
Saved
+
+
Accounts
Receivable
< Prev
|+|
+
+
+
+
Assets
Computer
Supplies
1 of 1
+
+
+
Computer
System
Next >
+
+
+
+
+
Office
Equipment
+
=
=
=
=
Liabilities
Accounts
Payable
+
+
+
+
+
+
+
Help
Common
Stock
Save & Exit
-
Submit
Check my work
Dividends
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