Question

On October 1, 2017, 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. Rey adopts the calendar year for reporting purposes and expects to prepare the company’s first set of financial statements on December 31, 2017.

Oct.		1		S. Rey invested $46,000 cash, a $24,000 computer system, and $12,500 of office equipment in the company in exchange for its common stock.
		3		The company purchased $1,390 of computer supplies on credit from Harris Office Products.
		6		The company billed Easy Leasing $5,200 for services performed in installing a new web server.
		8		The company paid $1,390 cash for the computer supplies purchased from Harris Office Products on October 3.
		10		The company hired Lyn Addie as a part-time assistant for $130 per day, as needed.
		12		The company billed Easy Leasing another $1,500 for services performed.
		15		The company received $5,200 cash from Easy Leasing as partial payment toward its account.
		17		The company paid $720 cash to repair computer equipment damaged when moving it.
		20		The company paid $1,663 cash for advertisements published in the local newspaper.
		22		The company received $1,500 cash from Easy Leasing toward its account.
		28		The company billed IFM Company $5,233 for services performed.
		31		The company paid $910 cash for Lyn Addie’s wages for seven days of work this month.
		31		The company paid $3,300 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.)

Answer 1