\\begin{tabular}{|c|l|l|r|} \\hline Date & Debit & Credit & Balance \\\\ \\hline Dec. 31 & & & \\( 1,500 \\curvearrowright \\) \\\\ \\hline & & & \\\\ \\hline \\end{tabular} \\begin{tabular}{|l|c|c|c|} \\hline Date & Debit & Credit & Balance \\\\ \\hline Dec. 31 & & & \\( 80,360 \\frown \\) \\\\ \\hline Jan. 05 & & \\( 25.000 \\frown \\) & 105,360 \\\\ \\hline \\end{tabular} Prev 234 of 6 Next \\begin{tabular}{|c|c|c|r|} \\hline \\multicolumn{3}{|c|}{ 106.2 Accounts Receivable-Wildcat Services } \\\\ \\hline Date & Debit & Credit & Balance \\\\ \\hline Dec. 31 & & & 0 \\\\ \\hline Mar. 25 & \\( 2,800 \\vee \\) & & 2,800 \\\\ \\hline \\end{tabular} Prev of 6 Next \\( \\( 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: Jan. 4 The company paid cash to Lyn Addie for five days' work at the rate of \\( \\$ 125 \\) per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional \\$25, 000 cash in the company. 7 The company purchased \\( \\$ 5,800 \\) of merchandise from Kansas Corp. with terms of 1/10, \\( \\mathrm{n} / 30 \\), F0B shipping point, invoice dated January 7. 9 The company received \\( \\$ 2,668 \\) cash from Gomez Co. as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. and billed it \\$5,500, which is the total price of \\( \\$ 7,000 \\) less the advance payment of \\( \\$ 1,500 \\). The company debited Unearned Computer Services Revenue for \\( \\$ 1,500 \\). 13 The company sold merchandise with a retail value of \\( \\$ 5,200 \\) and a cost of \\( \\$ 3,560 \\) to Liu Corp., invoice dated January 13. 15 The company paid \\( \\$ 600 \\) cash for freight charges on the merchandise purchased on January 7 . 16 The company received \\( \\$ 4,000 \\) cash from Delta Co. for computer services provided. 17 The company paid Kansas Corp. for the invoice dated January 7 , net of the discount. 20 The company gave a price reduction (allowance) of \\( \\$ 500 \\) to Liu Corp., and credited Liu's accounts receivable for that amount. 22 The company received the balance due from Liu Corp., net of the discount and the allowance. 24 The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was \\( \\$ 496 \\). \\( \\begin{tabular}{|c|l|r|r|} \\hline \\multicolumn{4}{|c|}{128 Prepaid Insurance } \\\\ \\hline Date & Debit & Credit & Balance \\\\ \\hline Dec. 31 & & & 1,665 \\\\ \\hline & & & \\\\ \\hline & & & \\\\ \\hline \\multicolumn{3}{|c}{} \\\\ \\hline \\multicolumn{3}{|c|}{163 Offica Fruninment } \\end{tabular} In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit Prev of 6 Next > Santana Rey created Business Solutions on October 1, 2019. 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, 2019. 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. IMarcil so. 31 The company reimbursed Santana Rey \\( \\$ 128 \\) for business automobile mileage. The company recorded the reimbursement 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 \\( \\$ 2,005 \\). b. Prepaid Insurance coverage of \\( \\$ 555 \\) expired during this 3 -month period. c. Lyn Addie has not been paid for seven days of work at the rate of \\$125 per day. d. Prepaid rent of \\( \\$ 2,475 \\) expired during this 3-month period. e. Depreciation on the computer equipment for January 1 through March 31 is \\( \\$ 1,250 \\). f. Depreciation on the office equipment for January 1 through March 31 is \\( \\$ 400 \\). g. The March 31 amount of merchandise inventory still available totals \\( \\$ 704 \\). 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, 2019. 655 Advertising Expense 676 Mileage Expense Prev \\( \\begin{array}{llllll}2 & 3 & 4 & \\ldots & 6 & \\text { of } 6\\end{array} \\) Next destination, invoice dated January 26 . 26 The company sold merchandise with a \\( \\$ 4,640 \\) cost for \\( \\$ 5,800 \\) on credit to KC, Inc., invoice dated January 26. 31 The company paid cash to Lyn Addie for 10 days' work at \\$125 per day. Feb. 1 The company paid \\( \\$ 2,475 \\) cash to Hillside Mall for another three months' rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the \\( \\$ 496 \\) credit from merchandise returned on January 24. 5 The company paid \\( \\$ 600 \\) cash to Facebook for an advertisement to appear on February 5 only. 11 The company received the balance due from Alex's Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew \\( \\$ 4,800 \\) cash from the company for personal use. 23 The company sold merchandise with a \\( \\$ 2,660 \\) cost for \\( \\$ 3,220 \\) on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at \\$125 per day. 27 The company reimbursed Santana Rey \\$192 for business automobile mileage. The company recorded the reimbursement as \"Mileage Expense.\" Mar. 8 The company purchased \\( \\$ 2,730 \\) of computer supplies from Harris office Products on credit with terms of \\( n / 30 \\), FOB destination, invoice dated March 8. 9 The company received the balance due from Delta Co. for merchandise sold on February 23. 11 The company paid \\( \\$ 960 \\) cash for minor repairs to the company's computer. 16 The company received \\( \\$ 5,260 \\) cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of \\( \\$ 3,830 \\) to Harris office Products, consisting of amounts created on December 15 (of \\( \\$ 1,100 \\) ) and March 8. 24 The company billed Easy Leasing for \\$9,047 of computing services provided. 25 The company sold merchandise with a \\( \\$ 2,002 \\) cost for \\( \\$ 2,800 \\) on credit to wildcat services, invoice dated March 25. 30 The company sold merchandise with a \\( \\$ 1,048 \\) cost for \\( \\$ 2,220 \\) on credit to IFM company, invoice dated March 30