414: Sales Retums and Allowances A15: Sales Discounts 502: Cost of Goods Sold 612: Depreciation Expense-Office Equipment Narch 24 The company billed thas tieasing for $9,127 of computing nerviees previded. dated Mareh 25 . rareb 30 The company sold morchandise with a $1,118 cost for $2,350 on oredit to 1 ru company, invoice dated March 30 . recorded the reimbarnement as "Mileage Expense." The following additional facts are avaliable for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,205. b. Prepaid Insurance coverage of $618 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $215 per day. d. Prepaid rent of $2,745 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,110. f. Depreciation on the office equipment for January 1 through March 31 is $330. 9. The March 31 amount of merchandise inventory still avallable totals $674. 2. Post the journal entries in part 1 to the accounts in the company's general ledger. Note. Begin with the ledger's post-closing adjusted balances as of December 31,2021. [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. 106.2: Accounts Recelvable-Wildcat Services \begin{tabular}{|c|c|c|c|} \hline \multicolumn{5}{|c|}{ 106.4: Accounts Recolvable-IFM Company } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 106.6: Accounts Recelvable-Gomez Company } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ 106.8: Accounts Recelvable-KC, Incorporated } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & \\ \hline & \\ \hline \end{tabular} 106.3: Accounts Recolvable-Easy Leasing 106.5: Accounts Receivable-Liu Corporation 106.7: Accounts Recelvable-Delta Company 106.9: Accounts Recelvable-Dream, Incorporated Date \begin{tabular}{|l|l|l|l|} \hline December 31 & Debit & Credit & Batance \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 126: Computer Supplies 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 (Numbers. 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. Janeary 4 The company paid eash to lyn Addie for five days' work at the rate of $215 per day. Four of the Iive days relate to wagen payable that were acorued in the prior year. Jenuary 5 Santana Pley invested an additional $23,600 eash in the company in exchange for more conson stock. January 7 The company purchased $7,300 of merchandise from Kansas Corporation with terms of 1/10, n/30, Fos shipping point, invoice dated January 7. Jenuary 9 The company received $2,878 cash from cotes company as full payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and bilied it $5, 490 , Which is the total price of $6,910 less the advance payment of $1,420. The conpany debited Unearned Computer servicen Revenue for $1,420. January 13 The company bold merchandise with a retail value of $4,900 and a cost of $3,490 to thi Corporation, invoice dated January 13. January is The oompany paid $800 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,180 cash from Delta Company for computer nervices provided. January 17 The oompany paid Kansan Corporation for the invoice dated January 7 , net of the discount. January 20 The eompany gave a price reduction (allowance) of $700 to tiu Corporation and eredited tia's January 22 accounth receivable for that amount. January 24 The eoepany received the balance due fron Liu Corporation, net of the discount and the allowance. The company returned defective merchandise to Kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise involce cost, net of the discount, wan 5476 . January 26 The company purchased $9,700 of merchandise from Kansas Corporation with terma of 1/10, a/30, roo destination, invoice dated January 26. January 26 The company sold merchandise with a $4,620 cont for $5,930 on eredit to KC, Incorporated, invoice January i7 The company paid Kansas Corporation for the invoice dated January 7 , net of the dincount. January 20 The company gave a price reduction (allowance) of $700 to tiu Corporation and eredited Lis's accounts receivable for that amount. January 22 The company received the balance due from Liu corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansall Corporation and accepted a oredit against future purchases (debited accounts payable). The defective merchandise involce cost, net of the discount, was $476. January 26 The company purchased $9,700 of merchandise from Kansas Corporation with terms of 1/10, n/30, Fos destination, invoice dated January 26. January 26 The company sold merchandise with a $4,620 coat for $5,930 on credit to KC, Incorporatod, involce dated January 26. January 31 The eompany paid cash to Lyn Addie for 10 days' work at $215 per day. February 1 The company paid $2,745 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, 103s the $476 credit from merchandise returned on January 24. February 5 The company paid $530 cash to Facebook for an advertisement to appear on February 5 only. Pebruary 11 The company received the balance due from Alex's Engineering Company for fees billed on January 11. February 15 The company paid a $4,770 eash dividend. February 23 . The company sold merchandise with a $2,490 cost for $3,310 on credit to Delta company, invoice dated February 23. Pebruary 26 The company paid cash to Lyn Addie for eight days' work at \$215 per day. February 27 The company reimbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,920 of computer supplies from Harris office products on credit with terms of n/30, FOB destination, involce 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 $830 cash for minor repairs to the company' 5 computer. March 16 The company received $5,450 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the fuil asount due of $4,110 to llarris office Products, consisting of amounts created on December 15 (of $1,190 ) and March 8 . Narch 24 The company billed Easy Leasing for $9,127 of computing services provided. March 25 The company sold nerchandise with a $2,142 cost for $2,900 on credit to wildcat services, invoice dated Nareh 25. March 30 The company sold merchandise with a $1,118 cost for $2,350 on credit to IFM Company, fnvoice dated Karch 30 . March 31 The company reimbursed Santana Rey $256 cash for business automobile mileage. The company recorded the reimburserent as "Mileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,205. 414: Sales Retums and Allowances A15: Sales Discounts 502: Cost of Goods Sold 612: Depreciation Expense-Office Equipment Narch 24 The company billed thas tieasing for $9,127 of computing nerviees previded. dated Mareh 25 . rareb 30 The company sold morchandise with a $1,118 cost for $2,350 on oredit to 1 ru company, invoice dated March 30 . recorded the reimbarnement as "Mileage Expense." The following additional facts are avaliable for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,205. b. Prepaid Insurance coverage of $618 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $215 per day. d. Prepaid rent of $2,745 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,110. f. Depreciation on the office equipment for January 1 through March 31 is $330. 9. The March 31 amount of merchandise inventory still avallable totals $674. 2. Post the journal entries in part 1 to the accounts in the company's general ledger. Note. Begin with the ledger's post-closing adjusted balances as of December 31,2021. [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. 106.2: Accounts Recelvable-Wildcat Services \begin{tabular}{|c|c|c|c|} \hline \multicolumn{5}{|c|}{ 106.4: Accounts Recolvable-IFM Company } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 106.6: Accounts Recelvable-Gomez Company } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ 106.8: Accounts Recelvable-KC, Incorporated } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & \\ \hline & \\ \hline \end{tabular} 106.3: Accounts Recolvable-Easy Leasing 106.5: Accounts Receivable-Liu Corporation 106.7: Accounts Recelvable-Delta Company 106.9: Accounts Recelvable-Dream, Incorporated Date \begin{tabular}{|l|l|l|l|} \hline December 31 & Debit & Credit & Batance \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 126: Computer Supplies 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 (Numbers. 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. Janeary 4 The company paid eash to lyn Addie for five days' work at the rate of $215 per day. Four of the Iive days relate to wagen payable that were acorued in the prior year. Jenuary 5 Santana Pley invested an additional $23,600 eash in the company in exchange for more conson stock. January 7 The company purchased $7,300 of merchandise from Kansas Corporation with terms of 1/10, n/30, Fos shipping point, invoice dated January 7. Jenuary 9 The company received $2,878 cash from cotes company as full payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and bilied it $5, 490 , Which is the total price of $6,910 less the advance payment of $1,420. The conpany debited Unearned Computer servicen Revenue for $1,420. January 13 The company bold merchandise with a retail value of $4,900 and a cost of $3,490 to thi Corporation, invoice dated January 13. January is The oompany paid $800 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,180 cash from Delta Company for computer nervices provided. January 17 The oompany paid Kansan Corporation for the invoice dated January 7 , net of the discount. January 20 The eompany gave a price reduction (allowance) of $700 to tiu Corporation and eredited tia's January 22 accounth receivable for that amount. January 24 The eoepany received the balance due fron Liu Corporation, net of the discount and the allowance. The company returned defective merchandise to Kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise involce cost, net of the discount, wan 5476 . January 26 The company purchased $9,700 of merchandise from Kansas Corporation with terma of 1/10, a/30, roo destination, invoice dated January 26. January 26 The company sold merchandise with a $4,620 cont for $5,930 on eredit to KC, Incorporated, invoice January i7 The company paid Kansas Corporation for the invoice dated January 7 , net of the dincount. January 20 The company gave a price reduction (allowance) of $700 to tiu Corporation and eredited Lis's accounts receivable for that amount. January 22 The company received the balance due from Liu corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansall Corporation and accepted a oredit against future purchases (debited accounts payable). The defective merchandise involce cost, net of the discount, was $476. January 26 The company purchased $9,700 of merchandise from Kansas Corporation with terms of 1/10, n/30, Fos destination, invoice dated January 26. January 26 The company sold merchandise with a $4,620 coat for $5,930 on credit to KC, Incorporatod, involce dated January 26. January 31 The eompany paid cash to Lyn Addie for 10 days' work at $215 per day. February 1 The company paid $2,745 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, 103s the $476 credit from merchandise returned on January 24. February 5 The company paid $530 cash to Facebook for an advertisement to appear on February 5 only. Pebruary 11 The company received the balance due from Alex's Engineering Company for fees billed on January 11. February 15 The company paid a $4,770 eash dividend. February 23 . The company sold merchandise with a $2,490 cost for $3,310 on credit to Delta company, invoice dated February 23. Pebruary 26 The company paid cash to Lyn Addie for eight days' work at \$215 per day. February 27 The company reimbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,920 of computer supplies from Harris office products on credit with terms of n/30, FOB destination, involce 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 $830 cash for minor repairs to the company' 5 computer. March 16 The company received $5,450 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the fuil asount due of $4,110 to llarris office Products, consisting of amounts created on December 15 (of $1,190 ) and March 8 . Narch 24 The company billed Easy Leasing for $9,127 of computing services provided. March 25 The company sold nerchandise with a $2,142 cost for $2,900 on credit to wildcat services, invoice dated Nareh 25. March 30 The company sold merchandise with a $1,118 cost for $2,350 on credit to IFM Company, fnvoice dated Karch 30 . March 31 The company reimbursed Santana Rey $256 cash for business automobile mileage. The company recorded the reimburserent as "Mileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,205