Chapter 4 Accounting for Merchandising Operations 6 Required informatiorn [The following information applies to the questions displayed below Part 1 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. points eBook Debit $48, 572 Account Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Eaay Leasing 106.4 IEM Co 106.5 Liu Corp. 06.6 Gomez Co. 106.7 Delta Co. 106.8 Ke, Ine 106.9 Dream, Inc. 119 Nerchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Pzepaid rent 163 oftice equipment 164 Accumulated depreciation-Office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services zevenue 307 Common stock 318 Retained earnings 319 Dividends 03 Computer services revenue Print 3,100 2,718 740 2,070 865 8,130 s 280 equspmene21,71,060 060 1, 270 940 1. 300 75, 675 7,370 Prev 237 of 7 Next> Chapter 4 Accounting for Merchandising Operations 6 Required informatiorn [The following information applies to the questions displayed below Part 1 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. points eBook Debit $48, 572 Account Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Eaay Leasing 106.4 IEM Co 106.5 Liu Corp. 06.6 Gomez Co. 106.7 Delta Co. 106.8 Ke, Ine 106.9 Dream, Inc. 119 Nerchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Pzepaid rent 163 oftice equipment 164 Accumulated depreciation-Office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services zevenue 307 Common stock 318 Retained earnings 319 Dividends 03 Computer services revenue Print 3,100 2,718 740 2,070 865 8,130 s 280 equspmene21,71,060 060 1, 270 940 1. 300 75, 675 7,370 Prev 237 of 7 Next>
