On October 1,2021, Santana Rey launched a computer services company called Business Solutions, which...

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Accounting

On October 1,2021, Santana Rey launched a computer services company called
Business Solutions, which provides consulting services, computer system
installations, and custom program development. The company's initial chart of
accounts follows.
October 1S. Rey invested $46,000 cash, a $23,000 computer system, an
$9,000 of office equipment in the company in exchange for
common stock.
0ctober 2 The company paid $3,280 cash for four months' rent. Hint: D
Prepaid Rent for $3,280.
0ctober 3 The company purchased $1,400 of computer supplies on credit
from Harris Office Products.
October 5 The company paid $1,680 cash for one year's premium on a
property and liability insurance policy. Hint: Debit Prepai
Insurance for $1,680.
0ctober 6 The company billed Easy Leasing $5,400 for services perform
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