0 0 0 0 0 Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts. Number Account Title Debit Credit 101 Cash $ 49,392 106.1 Alex'. Engineering Company 0 106.2 Wildcat Services 0 106.3 Easy Leasing 0 106.4 IEM Company 3,070 106.5 Liu Corporation 106.6 Gomez Company 2,868 106.7 Delta Company 106.8 KC, Incorporated 106.9 Dream, Incorporated 119 Merchandise inventory 126 Computer supplies 750 Prepaid insurance 1,665 131 Prepaid rent 775 163 office equipment 8,190 164 Accumulated depreciation office equipment 5 240 167 Computer equipment 20,400 168 Accumulated depreciation Computer equipment 1,160 201 Accounts payable 1,260 210 Wagen payable 700 236 Unearned computer services revenue 1,480 301 S. Rey, Capital B1, 270 302 S. Rey, Withdrawals 403 Computer services revenue 0 413 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expende Rent expense 652 Computer supplies expense 128 0 OOOOOOOOO 640 Credit Debit $ 48,392 0 0 0 3,070 0 2,868 0 0 0 0 750 1,665 775 8,190 $ 240 20,400 Number 101 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.8 106.9 119 126 128 131 163 164 167 168 201 210 236 301 302 403 413 414 415 502 612 613 623 637 640 652 655 676 677 684 Account Title Cash Alex's Engineering Company Wildcat Services Easy Leasing IFM Company Liu Corporation Gomez Company Delta Company KC, Incorporated Dream, Incorporated Merchandise inventory Computer supplies Prepaid insurance Prepaid rent office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue s. Rey, Capital 5. Rey, Withdrawals Computer services revenue Sales Sales returns and allowances Sales discounts Cost of goods sold Depreciation expense-office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expendo Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer 1,160 1,260 700 1,480 81,270 o 0 0 0 0 0 0 0 0 0 0 0 0 In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10, n/30, FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Nos. 119, 413, 414, 415, and 502) are added to its general ledger to accommodate the company's new In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10, n/30, FOB shipping point to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Nos. 119, 413, 414, 415, and 502) are added to its general ledger to accommodate the company's new merchandising activities. Its transactions for January through March follow: January 4 The company paid canh to Lyn Addie for five days' work at the rate of $175 per day. Four of the five days relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additional $23,900 cash in the company. January 7 The company purchased $7,200 of merchandise from Kansas Corporation with terns of 1/10, 1/30, POB shipping point, invoice dated January 7. January 9 The company received $2,868 cash from Gomez Company as full payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,330, which is the total price of $6,810 less the advance payment of $1,480. The company debited Unearned Computer Services Revenue for $ 1,480. January 13 The company sold merchandise with a retail value of $4,900 and a cost of $3,540 to Liu Corporation, invoice dated January 13. January 15 The company paid $780 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,060 cash from Delta Company for computer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7, net of the discount. January 20 The company gave a price reduction (allowance) of $700 to Liu Corporation, and credited Liu's accounts receivable for that amount. January 22 The company received the balance due fron Liu Corporation, net of the discount and the allowance. January 24 The company returned detective merchandise to Kansas Corporation and accepted a credit against tuture purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was $486. January 26 The company purchased $9,600 of merchandise from Kansas Corporation with terms of 1/10, n/30, FOB destination, Invoice dated January 26. January 26 The company sold merchandise with a $4,580 cost for $5,950 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $175 per day. Yebruary 1 The company paid $2,315 cash to Hillside Mall for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance due, net of the cash discount, less the $486 credit from merchandise returned on January 24. Tebruary 5 The company paid $580 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance due from Alex's Engineering Company for fees billed on January 11. February 15 5. Rey withdrew $4,730 cash from the company for personal use. Pebruary 23 the company sold merchandise with a $2,660 cont for $3,390 on credit to Delta Company, invoice dated February 23 February 26 The company paid cash to Lyn Addie for eight days' work at $115 per day February 27 The company reimbursed Santana Rey $288 cash for business automobile mileage. The company recorded the reimbursement a Mileage Expense." March & The company purchased $2,800 of computer supplies from Harrie office Products on credit with term of n/30. POB destination, invoice dated March 8. January 31 company polu Cau Co wy LOL 10 waysWOLN AL 1/3 put way. February 1 The company paid $2,315 cash to Hillside Mall for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance due, net of the cash discount, less the $486 credit from merchandise returned on January 24. February 5 The company paid $580 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance due from Alex's Engineering Company for fees billed on January 11. February 15 S. Rey withdrew $4,730 cash from the company for personal use. February 23 The company sold merchandise with a $2,660 cost for $3,390 on credit to Delta Company, invoice dated February 23. February 26 The company paid cash to Lyn Addie for eight days' work at $175 per day. February 27 The company reimbursed Santana Rey $288 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,800 of computer supplies from Harris Office Products on credit with terms of n/30, FOB destination, invoice dated March 8. March 9 The company received the balance due from Delta Company for merchandise sold on February 23. March 11 The company paid $950 cash for minor repairs to the company's computer. March 16 The company received $5,350 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $4,060 to Harris Office Products, consisting of amounts created on December 15 (of $1,260) and March 8. March 24 The company billed Easy Leasing for $9,207 of computing services provided. March 25 The company sold merchandise with a $2,112 cost for $2,950 on credit to Wildcat Services, Invoice dated March 25. March 30 The company sold merchandise with a $1,088 cost for $2,380 on credit to IPM Company, invoice dated March 30. March 31 The company reimbursed Santana Rey $128 cash for business automobile mileage. The company recorded the reimbursement as Mileage Expense." Assume that Santana Rey expands Business Solutions' system to include special journals. Required: 2. & 3. Enter the Business Solutions transactions for January through March in a sales journal, cash receipts journal, purchases journal, and cash payments journal or general journal. If the transaction does not specify the name of the payee, state "not specified" in the Payee column of the cash payments Journal. The transactions on the following dates should be journalized in the general Journal : January 5, 11, 20, and 24 and March 24. Do not record and post the adjusting entries for the end of March. 2. & 3. Enter the Business Solutions transactions for January through March in a sales Journal, cash receipts journal, purchases journal. and cash payments Journal or general journal. If the transaction does not specify the name of the payee, state "not specified" in the Payee column of the cash payments journal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, and 24 and March 24. Do not record and post the adjusting entries for the end of March Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Journal Enter the Business Solutions transactions for January through March in a sales Journal. SALES JOURNAL Accounts Cost of Goods Date Account Debited Receivable Debit Sold Debit Sales Credit Inventory Credit March 31 Totals Salur Cash Receipts > 2. & 3. Enter the Business Solutions transactions for January through March in a sales journal, cash receipts journal, purchases journa and cash payments journal or general journal. If the transaction does not specify the name of the payee, state "not specified in the Payee column of the cash payments journal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, and 24 and March 24. Do not record and post the adjusting entries for the end of March Complete this question by entering your answers in the tabs below. Cash General Sales Cash Receipts Purchases Payments Journal Enter the Business Solutions transactions for January through March in a cash receipts journal. CASH RECEIPTS JOURNAL Sales Accounts Services Date Cash Account Credited Discount Receivable Revenue Debit Debit Credit Credit Other Accounts Credit Cost of Goods Sold Debit Inventory Credit March 31 Totals Required: 2. & 3. Enter the Business Solutions transactions for January through March in a sales journal, cash receipts journal, purchases journal, and cash payments Journal or general journal. If the transaction does not specify the name of the payee, state *not specified in the Payee column of the cash payments journal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, and 24 and March 24. Do not record and post the adjusting entries for the end of March Complete this question by entering your answers in the tabs below. Cash General Sales Cash Receipts Purchases Payments Journal Enter the Business Solutions transactions for January through March in a purchases Journal PURCHASES JOURNAL Accounts Date of Date Inventory Account Invoice Terms Payable Debit Credit Computer Supplies Debit Other Accounts Debit March 31 Totals Complete this question by entering your answers in the tabs below. Cash General Sales Cash Receipts Purchases Payments Journal Enter the Business Solutions transactions for January through March in a cash payments journal. If the transaction does not specify the name of the payee, state "not specified in the Payee column of the cash payments journal. CASH PAYMENTS JOURNAL Date Payee Account Debited Other Accounts Debit Cash Credit Inventory Credit Accounts Payable Debit January 04 March 31 Totais Journal entry worksheet Record the entry for completion of a five-day project for Alex's Engineering Company and billing it $5,330, which is the total price of $6,810 less the advance payment of $1,480. The company debited Unearned Computer Services Revenue for $1,480. Note: Enter debits before credits. General Journal Debit Credit Date January 11 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 3 4 5 Record the entry for allowance of $700 given by the company to Liu Corporation. Note: Enter debits before credits. General Journal Debit Credit Date January 20 Record entry Clear entry View general Journal Journal entry worksheet 5 Record the entry for return of defective merchandise which had a $486 cost. Note: Enter debits before credits. General Journal Dobit Credit Date January 24 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 en 5 Record the entry for providing computer services to Easy Leasing for $9,207. Note: Enter debits before credits. General Journal Debit Credit Date March 24 Record entry Clear entry View general journal