3 Part 3 of Required information [The following information applies to the questions displayed below) 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 5 points Book Debit $ 4,402 Credit . Print 3,010 2.770 Berences Number 101 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.8 106.9 119 126 128 131 163 164 362 168 201 210 2:36 101 302 403 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 equipoent Accounts payable Wages payable Unearned computer services revenue 5. Rey, Capital 5. Rey. Withdrawal Computer services revenue Sales Sales returns and allowances 0 620 1,908 845 8.182 $ 310 20,700 1.100 1. 160 280 1.370 61,723 414 3 Part of 5 points boca Print 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 537 Insurance expense 540 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10, 1/30, 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 cash to Lyn Addie for five days' work at the rate of $195 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 $24,300 cash in the company. January 7 The company purchased $7,700 of merchandise from Kansas Corporation with terms of 1/10, 1/30 FOB shipping point, invoice dated January 7. January 9 The company received $2,778 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 55,310, which is the total price of $6,60 less the advance payment of $1,170. The company debited Uncanned Computer Services Revenue for $1,370. January 13 The company sold merchandise with a retail value of $4.100 and a cost of $3,468 to LIU Corporation, Invoice dated January 13. January 15 The company paid 5600 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,150 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 $680 to Liu Corporation and credited Lis accounts receivable for that amount January 22 The company received the balance due from L Corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansas Corporation and accepted a credit against Tuture purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was 5476. January 26 The company purchased 59,200 of merchandise from Kansas Corporation with term of 1/10, 1/30 FOB destination, Invoice dated January 26. January 26 The company sold merchandise with a $4,530 cost for $5.910 on credit to KC. Incorporated, References O 3 Part 2 of 6 5 points BOR ty 4* SE LLEWEL LULUS Invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $195 per day. February 1 The company paid $2.535 Cash to Hillside Hall for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance does net of the cash discount, less the 5476 credit from merchandise returned on January 24. February 5 The company paid 160 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance de fron Alex's Engineering Company for fees billed on January 11. February 15 5. Rey withdrew 54,670 cash from the company for personal use. February 23 The company sold merchandise with 12.500 cost for $3,428 on credit to Delta Company, invoice dated February 23. February 26 The company paid cash to Lyn Addle for might days' work at $195 per day February 27 The company reimbursed Santana Rey 5102 Ch for business tenebite mileage. The company recorded the reimbursement as ilege Expense." March & The company purchased 37,910 of computer suplies from Harris office Products on credit with teras of 1/30, Fon destination, invece doted March 6. March The company received the balance due from Delte Company for merchandise sold on February 23. March 11 The company paid $e cash for minor repairs to the company's computer March 16 The company received 15,10 cash from Dres Incorporated for computing services provided. March 18 The company paid the full mount due of 1.7 to Harris office Products, consisting of mounts created on December 15 (of 51,160) and March March 24 The company billed tawy Leasing for 19,047 of computing services provided. March 25 The company sold merchandise with a 12,042 cost for 52,950 on credi to dcat Services Invoice dated March 25. March The company seta merchandise with a $1,068 cost for $2,298 on credit to IFM Company, invoice dated March 30. March 31 The company relabursed Santana Rey 5128 cash for business automobile mileage. The company recorded the reimbursement a lesge Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement proparation a. The Morch 31 amount of computer supplies still available totals $2175 b. Prepaid Insurance coverage of $636 expired during this three-month period Lyn Addie has not been paid for seven days of work at the rate of $195 per day d. Prepaid rent of $2,535 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is 51100 Depreciation on the office equipment for January 1 through March 31 is $310 9. The March 31 amount of merchandise inventory still available totals 5644 3 3. Prepare a 6-column work sheet that includes the unadjusted trial balance, the March 31 adjustments (a) through (c. and the adjusted trial balance. Do not prepare closing entries and do not joumalize the adjustments or post them to the ledger Part 3 of 6 5 points Number Adjustments Debit Cret Ajusted Tital Balance Debe Crade Prir BUSINESS SOLUTIONS Partial Work Sheet March 31, 2022 Unadjusted Trial Account Title Balance Debit Credit Cash Alex's Engineering Company Wildcat Services Easy Leasing IFM Company Lu Corporation Gomex Company Delta Company KC, Incorporated Dream, Incorporated Merchandise inventory Computer supplies Prepaid insurance Prepaid ront Office equipment Accumulated depreciation-Once equipment Computer equipment Accumulated depreciation Computer equipment Accounts payable 101 100.1 1062 1053 106.4 1055 106,6 1067 106.8 106.9 119 126 120 131 163 164 167 168 201 References Check my work 3 Required information Parto 15 167 166 201 210 236 301 502 403 413 414 415 Computer equipment Accumulated depreciation-Computer met Accounts payable Wages payable Uneamed computer servere 5. Rey. Capital S.Rey. Wiedrowale Computer services revenge Sales Sales retumsantallowance Sales courte Cost of goods sold Depreciation expense-Office equipment Depreciation Comment [Wages ApATIO Inne pe Rantepasa Computer suppliesen Advertising Mileage Miscellaneous expen Repas expecter 102 612 613 www 631 GAD 655 67 1677 B4 3 Part 3 of Required information [The following information applies to the questions displayed below) 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 5 points Book Debit $ 4,402 Credit . Print 3,010 2.770 Berences Number 101 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.8 106.9 119 126 128 131 163 164 362 168 201 210 2:36 101 302 403 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 equipoent Accounts payable Wages payable Unearned computer services revenue 5. Rey, Capital 5. Rey. Withdrawal Computer services revenue Sales Sales returns and allowances 0 620 1,908 845 8.182 $ 310 20,700 1.100 1. 160 280 1.370 61,723 414 3 Part of 5 points boca Print 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 537 Insurance expense 540 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10, 1/30, 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 cash to Lyn Addie for five days' work at the rate of $195 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 $24,300 cash in the company. January 7 The company purchased $7,700 of merchandise from Kansas Corporation with terms of 1/10, 1/30 FOB shipping point, invoice dated January 7. January 9 The company received $2,778 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 55,310, which is the total price of $6,60 less the advance payment of $1,170. The company debited Uncanned Computer Services Revenue for $1,370. January 13 The company sold merchandise with a retail value of $4.100 and a cost of $3,468 to LIU Corporation, Invoice dated January 13. January 15 The company paid 5600 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,150 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 $680 to Liu Corporation and credited Lis accounts receivable for that amount January 22 The company received the balance due from L Corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansas Corporation and accepted a credit against Tuture purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was 5476. January 26 The company purchased 59,200 of merchandise from Kansas Corporation with term of 1/10, 1/30 FOB destination, Invoice dated January 26. January 26 The company sold merchandise with a $4,530 cost for $5.910 on credit to KC. Incorporated, References O 3 Part 2 of 6 5 points BOR ty 4* SE LLEWEL LULUS Invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $195 per day. February 1 The company paid $2.535 Cash to Hillside Hall for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance does net of the cash discount, less the 5476 credit from merchandise returned on January 24. February 5 The company paid 160 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance de fron Alex's Engineering Company for fees billed on January 11. February 15 5. Rey withdrew 54,670 cash from the company for personal use. February 23 The company sold merchandise with 12.500 cost for $3,428 on credit to Delta Company, invoice dated February 23. February 26 The company paid cash to Lyn Addle for might days' work at $195 per day February 27 The company reimbursed Santana Rey 5102 Ch for business tenebite mileage. The company recorded the reimbursement as ilege Expense." March & The company purchased 37,910 of computer suplies from Harris office Products on credit with teras of 1/30, Fon destination, invece doted March 6. March The company received the balance due from Delte Company for merchandise sold on February 23. March 11 The company paid $e cash for minor repairs to the company's computer March 16 The company received 15,10 cash from Dres Incorporated for computing services provided. March 18 The company paid the full mount due of 1.7 to Harris office Products, consisting of mounts created on December 15 (of 51,160) and March March 24 The company billed tawy Leasing for 19,047 of computing services provided. March 25 The company sold merchandise with a 12,042 cost for 52,950 on credi to dcat Services Invoice dated March 25. March The company seta merchandise with a $1,068 cost for $2,298 on credit to IFM Company, invoice dated March 30. March 31 The company relabursed Santana Rey 5128 cash for business automobile mileage. The company recorded the reimbursement a lesge Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement proparation a. The Morch 31 amount of computer supplies still available totals $2175 b. Prepaid Insurance coverage of $636 expired during this three-month period Lyn Addie has not been paid for seven days of work at the rate of $195 per day d. Prepaid rent of $2,535 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is 51100 Depreciation on the office equipment for January 1 through March 31 is $310 9. The March 31 amount of merchandise inventory still available totals 5644 3 3. Prepare a 6-column work sheet that includes the unadjusted trial balance, the March 31 adjustments (a) through (c. and the adjusted trial balance. Do not prepare closing entries and do not joumalize the adjustments or post them to the ledger Part 3 of 6 5 points Number Adjustments Debit Cret Ajusted Tital Balance Debe Crade Prir BUSINESS SOLUTIONS Partial Work Sheet March 31, 2022 Unadjusted Trial Account Title Balance Debit Credit Cash Alex's Engineering Company Wildcat Services Easy Leasing IFM Company Lu Corporation Gomex Company Delta Company KC, Incorporated Dream, Incorporated Merchandise inventory Computer supplies Prepaid insurance Prepaid ront Office equipment Accumulated depreciation-Once equipment Computer equipment Accumulated depreciation Computer equipment Accounts payable 101 100.1 1062 1053 106.4 1055 106,6 1067 106.8 106.9 119 126 120 131 163 164 167 168 201 References Check my work 3 Required information Parto 15 167 166 201 210 236 301 502 403 413 414 415 Computer equipment Accumulated depreciation-Computer met Accounts payable Wages payable Uneamed computer servere 5. Rey. Capital S.Rey. Wiedrowale Computer services revenge Sales Sales retumsantallowance Sales courte Cost of goods sold Depreciation expense-Office equipment Depreciation Comment [Wages ApATIO Inne pe Rantepasa Computer suppliesen Advertising Mileage Miscellaneous expen Repas expecter 102 612 613 www 631 GAD 655 67 1677 B4