Question

On October 1, 2017, Santana Rey launched a computer services company called Business Solutions, which 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. The company's initial chart of accounts follows No. 307 319 Account No. Account Cash 101 Common Stock Accounts 186 Dividends Receivable Computer Supplies 126 Revenue Computer Services Prepaid Insurance 128 Wages Expense Prepaid Rent 131 Advertising Expense Office Equipment 163 Mileage Expense Computer Miscellaneous Equipment Expenses Accounts Payable 201 Repairs Expense- Computer 483 623 655 676 677 684 Oct. 1 S. Rey invested $45,000 cash, a $28,888 computer system, and $8,880 of office equipment in the company in exchange for its common stock. 2 The company paid $3,300 cash for four months' rent. (Hint: Debit Prepaid Rent for $3,300.) 3 The company purchased $1,420 of computer supplies on credit fron Harris Office Products. 5 The company paid $2,220 cash for one year's premium on a property and liability insurance policy. (Hint: Debit Prepaid Insurance for $2,220.) 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 on its account. 17 The company paid $895 cash to repair computer equipment that was 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 on its account. 28 The company billed IFM Company $5,288 for services performed. 31 The company paid $875 cash for Lyn Addie's wages for seven days' work. 31 The company paid $3,600 cash in dividends. Nov. 1 The company reimbursed s. Rey in cash for business automobile mileage allowance (Rey logged 1,000 miles at $8.32 per mile). 2 The company received $4,633 cash from Liu Corporation for computer services performed. 5 The company purchased computer supplies for $1,125 cash from Harris Office Products. 8 The company billed Gomez Co. $5,668 for services performed. 13 The company received notification from Alex's Engineering Co. that Business Solutions's bid of $3,950 for an upcoming project was accepted. 18 The company received $2,208 cash from IFM Company as partial payment of the October 28 bill. 22 The company donated $250 cash to the United Way in the company's name. 24 The company completed work and sent a bill for $3,950 to Alex's Engineering Co. 25 The company sent another bill to IFM Company for the past-due amount of $3,000. 28 The company reimbursed S. Rey in cash for business automobile mileage (1,200 miles at $2.32 per mile). 30 The company paid $1,750 cash for Lyn Addie's wages for 14 days work. 30 The company paid $2,000 cash in dividends. Required:

I did most of it but not sure what else im missing please help thank you in advace

Answer 1

Only thing missing I can see is you have not mentioned below 3 entries

which are all - No journal entry required

Its mentioned in the question that if no entry is required, then select 'No journal entry required' in first account field

Rest all looks perfect !

	Business Solutions
	Journal entries
No.	Date	Account	Debit	Credit
7	10-Oct	No journal entry required
	Nov
20	13-Nov	No journal entry required
24	25-Nov	No journal entry required