Cash a 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. No. Account Title Debit Credit 101 $48, 442 106.1 Alex's Engineering Co. 286.2 Wildcat Services 106.3 Easy Leasing 186.4 IFM Co. 3,170 106.5 Liu Corp. 106.6 Gomez Co. 2.685 186.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplies 620 128 Prepaid insurance 1,735 131 Prepaid rent 715 163 Office equipment 8,70 164 Accumulated depreciation office equipment 250 167 Computer equipment 20,500 168 Accumulated depreciation-Computer equipment 1,150 201 Accounts payable 1,260 210 Wages payable 860 236 Unearned computer services revenue 1,500 301 5. Rey, Capital 80,920 302 S. Rey. Withdrawals 403 Computer services revenue 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 expense 640 Rent expense Connier liewane 652 655 676 677 684 Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses 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, 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. Also, Business Solutions does not use reversing entries and therefore, all revenue and expense accounts have zero beginning balances as of January 1, 2018. Its transactions for January through March follow: Jan. The company paid cash to Lyn Addie for five days' work at the rate of $215 per day. Four of the five days relate 5 Santana Rey invested an additional $24,500 cash in the company. 7 The company purchased $7,200 of merchandise from Kansas Corp. With terms of 1/10, 1/30, FOB shipping point, 9 The company received $2,688 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 $5,460, which is the total price of $6,960 tess the advance paynent of $1,500. The company debited Unearned Computer Services Revenue for s 13 The company sold merchandise with a retail value of $4,200 and a cost of $3,530 to Liu Corp., Invoice dated 15 The company paid $600 cash for freight charges on the merchandise purchased on January 7. 16 The company received $4,050 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 $600 to tu corp., and credited Liu's accounts receivable for 22 The company received the balance due fron 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 5476. 26 The company purchased $9,400 of merchandise fron Kansas Corp, with terms of 1/10, 1/30, FOB destination, Invoice dated January 26. 26 The company sold merchandise with a 54,630 cost for $5,870 on credit to KC, Inctnvoice dated January 26. 31 The company paid cash to Lyn Adde for 10 days' work at $215 per day. eb. 1 The company paid $2,295 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 5476 credit from merchandise returned on January 24. 5 The company paid 5410 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 Bay with from the run 11 ne company receive the balance ouer ALER > engineering co. For rees OLED on January 1 15 Santana Rey withdrew $4,620 cash from the company for personal use. 23 The company sold merchandise with a $2,640 cost for $3,368 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $215 per day. 27 The company reimbursed Santana Rey $320 for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." 8 The company purchased $2,770 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 $818 cash for minor repairs to the company's computer. 16 The company received $5,280 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $4,830 to Harris Office Products, consisting of amounts created on December 15 (of $1,260) and March 8. 24 The company billed Easy Leasing for $9,157 of computing services provided. 25 The company sold merchandise with a $2,152 cost for $2,968 on credit to Wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,178 cost for $2,270 on credit to IFM Company, invoice dated March 30. 31 The company reimbursed Santana Rey $160 for business automobile nileage. 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 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 Other Acets Cost of Goods January 5, 11, 20, and 24 and March 24. Do not 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 General Payments Journal Enter the Business Solutions transactions for January through March in a cash receipts Journal CASH RECEIPTS JOURNAL Accounts Date Sales Account Credited Cash Dr. Services Other Accts. Cost of Goods Receivable Discount Dr. Sold Dr. Cr. Revenue Cri Cr. Inventory Cr. Jan. 09 Gomez Co $ 2.688 $ 2.688 Jan 16 Services Revenue 4,050 4,050 Jan 22 Lu Corp 4,158 42 4,200 Feb. 11 Alex's Eng. Co 5,360 5,360 Mar. 09 Delta Co 3.280 3,280 Mar. 16 5.450 5,450 Mar. 31 Totals $ 24,988 5 42 $ 15,528 $ 9,500 $ 0 $ Sales Purchases >