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Chapter 4: Accounting for Merchandising Operations 4 Required information The following information applies to the questions displayed below) Part 3 of 6 Santana Rey created

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Chapter 4: Accounting for Merchandising Operations 4 Required information The following information applies to the questions displayed below) Part 3 of 6 Santana Rey created Business Solutions on October 1, 2017. 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, 2017. 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. 2 points eBook DebitCredit 48, 572 Print Account Title 101 Cash 106.1 Alex' Engineering co. 06.2 ildcat Services 106.3 Eaay Leasing 106.4 IFH Co. 106.5 Liu Corp 106.6 Gomez Co. 106.7 Delts Co. 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplie 128 Prepaid insurance 131 Prepaid rent 163 0ffice equipment 164 Accumulated depzeciation-ofrice equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 328 Retained earnings 3,100 2,718 740 2,070 865 , 130 $ 280 21,700 1,060 2,270 940 1, 300 75, 675 7,370 Prev

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