1. The company paid cash to Lyn Addie for five days work at the rate of $215 per day. Four of the five days relate to wages payable that were accrued in the prior year.

2. Adria Lopez invested an additional $23,400 cash in the company in exchange for more common stock.

3. The company purchased $7,200 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7.

4. The company received $2,708 cash from Gomez Co. as full payment on its account.

5. The company completed a five-day project for Alexs Engineering Co. and billed it $5,460, which is the total price of $6,770 less the advance payment of $1,310.

6. The company sold merchandise with a retail value of $5,000 and a cost of $3,490 to Liu Corp., invoice dated January 13.

7. Record the cost of January 13 sale.

8. The company paid $710 cash for freight charges on the merchandise purchased on January 7.

9. The company received $4,080 cash from Delta Co. for computer services provided.

10. The company paid Kansas Corp. for the invoice dated January 7, net of the discount.

11. Liu Corp. returned $500 of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $230 cost, is discarded. (The policy of Success Systems is to leave the cost of defective products in cost of goods sold.)

12. The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise.

13. The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $486.

14. The company purchased $9,300 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26.

15. The company sold merchandise with a $4,550 cost for $5,850 on credit to KC, Inc., invoice dated January 26.

16. Record the cost of January 26 sale.

17. The company received a $486 credit memorandum from Kansas Corp. concerning the merchandise returned on January 24.

18. The company paid cash to Lyn Addie for 10 days work at $215 per day.

19. The company paid $2,715 cash to Hillside Mall for another three months rent in advance.

20. The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 amount in the credit memorandum.

21. The company paid $490 cash to the local newspaper for an advertising insert in todays paper.

22. The company received the balance due from Alexs Engineering Co. for fees billed on January 11.

23. The company paid $4,690 cash for dividends.

24. The company sold merchandise with a $2,490 cost for $3,410 on credit to Delta Co., invoice dated February 23.

25. Record the cost of February 23 sale.

26. The company paid cash to Lyn Addie for eight days work at $215 per day.

27. The company reimbursed Adria Lopez for business automobile mileage (1,200 miles at $0.25 per mile).

28. The company purchased $2,740 of computer supplies from Harris Office Products on credit, invoice dated March 8.

29. The company received the balance due from Delta Co. for merchandise sold on February 23.

30. The company paid $910 cash for minor repairs to the companys computer.

31. The company received $5,290 cash from Dream, Inc., for computing services provided.

32. The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,250) and March 8.

33. The company billed Easy Leasing for $9,157 of computing services provided.

34. The company sold merchandise with a $2,122 cost for $2,900 on credit to Wildcat Services, invoice dated March 25.

35. Record the cost of March 25 sale.

36. The company sold merchandise with a $1,048 cost for $2,320 on credit to IFM Company, invoice dated March 30.

37. Record the cost of March 30 sale.

38. The company reimbursed Adria Lopez for business automobile mileage (600 miles at $0.25 per mile).

###: No journal entry required

101: Cash

106.1: Accounts receivableAlexs Engineering Co.

106.2: Accounts receivableWildcat Services

106.3: Accounts receivableEasy Leasing

106.4: Accounts receivableIFM Co.

106.5: Accounts receivableLiu Corp.

106.6: Accounts receivableGomez Co.

106.7: Accounts receivableDelta Co.

106.8: Accounts receivableKC, Inc.

106.9: Accounts receivableDream, Inc.

119: Merchandise inventory

126: Computer supplies

128: Prepaid insurance

131: Prepaid rent

163: Office equipment

164: Accumulated depreciationOffice equipment

167: Computer equipment

168: Accumulated depreciationComputer equipment

201: Accounts payable

210: Wages payable

236: Unearned computer services revenue

307: Common Stock

319: Dividends

403: Computer services revenue

413: Sales

414: Sales returns and allowances

415: Sales discounts

502: Cost of goods sold

612: Depreciation expenseOffice equipment

613: Depreciation expenseComputer equipment

623: Wages expense

637: Insurance expense

640: Rent expense

652: Computer supplies expense

655: Advertising expense

676: Mileage expense

677: Miscellaneous expenses

684: Repairs expenseComputer