subject
Business, 28.05.2021 17:00 brandiwingard

On October 1, 2019, 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, 2011. Oct. 1
S. Rey invested $45,000 cash, a $20,000 computer system, and $8,000 of office equipment in the company in exchange for common stock.

3 The company purchased $1,420 of computer supplies on credit from Harris Office Products.
6 The company billed Easy Leasing $4,800 for services performed in installing a new Web server.
8 The company paid $1,420 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 $125 per day, as needed.
12 The company billed Easy Leasing another $1,400 for services performed.
15 The company received $4,800 cash from Easy Leasing as partial payment toward its account.
17 The company paid $805 cash to repair computer equipment damaged when moving it.
20 The company paid $1,728 cash for advertisements published in the local newspaper.
22 The company received $1,400 cash from Easy Leasing toward its account.
28 The company billed IFM Company $5,208 for services performed.
31 The company paid $875 cash for Lyn Addie's wages for seven days of work this month.
31 The company paid $3,600 cash for dividends.

Required:
Write the amount of each transaction on individual items of the accounting equation.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 02:00, mckinley2006
What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond
Answers: 1
image
Business, 22.06.2019 19:00, HahaHELPP
Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk
Answers: 2
image
Business, 22.06.2019 20:40, kaylee0424
Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year
Answers: 2
image
Business, 22.06.2019 23:10, marissasabino111
How are credit unions similar to banks
Answers: 1
You know the right answer?
On October 1, 2019, Santana Rey launched a computer services company, Business Solutions, that is or...

Questions in other subjects:

Konu
Chemistry, 06.03.2021 01:00
Konu
Chemistry, 06.03.2021 01:00
Konu
Mathematics, 06.03.2021 01:00