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 .
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 .
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 80EDC
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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. |
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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
please answer do not image .
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