Credit Debit $48,452 3,080 2,808 No. Account Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Easy Leasing 106.4 IFM CO. 106.5 Liu Corp. 106.6 Gomez Co. 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 office equipment 164 Accumulated depreciation-office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 318 Retained earnings 219 Dividends 403 Computer Services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts S02 Cost of goods sold 612 Depreciation expense-office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 640 1,989 925 8,140 $ 220 20,300 1,140 1,110 700 1310 22y694 9160 Brey 23 3 676 Next sanjac.edu/6252 on Problems Saved Help 637 640 652 655 Insurance expense Rent expense Computer Supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer 676 677 684 In response to requests from customers. S Rey will begin selling computer software. The company will extend credit terms of 1/10, 1/30, 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. The company paid cach to Lyn Addie for five days' work at the rate of 5175 per dayFour of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23,000 cash in the company in exchange for more common stock 7 The company purchased 56,100 of merchandise from Kansas Corp with terms of 1/10, 1/30 FOB Chipping point Invoice dated January 7 The company received 52,808 cash from comez co as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. And olled it 55,450, which is the total price of 56,760 less the advance payment of 31,310. The company debited Uncerned computer Service devenue for $1,310 15 The company sold merchandise with a retail value of 54,600 and a cost of 59,400 to Lo Corpo invoice dated January 13 15 The company paid 5610 cash for freight charges on the merchandise purchased on January 16 The company receved $4,000 cash from Deltaco for computer services provided 17 The company paid Kansas Corp for the invoice dated January 7 net of the discount 20 The company save price reduction allowance of 5000 to corpo credited Loccounts receive to that out 22 The company received the balance du tror Liu Corner of the discount and the allowance Play 6. of 16 Next > Feb. 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 $486. 26 The company purchased $9,508 of merchandise from Kansas Corp. with terns of 1/10, 1/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,480 cost for $5,900 on credit to KC, Inc., invoice dated January 26. 31 The company paid cash to Lyn Addie for 10 days work at $175 per day 1 The company paid $2,775 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 $486 credit from merchandise returned on January 24. 5 The company paid $530 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. The company paid a $4,640 cash dividend 23 The company sold merchandise with a $2,580 cost for $3,410 on credit to Delta Co., Invoice dated February 23 26 The company paid cash to Lyn Addie for eight days' work at $175 per day: 27 The company reimbursed Santana Rey 5160 cash for business automobile mileage. The company recorded the reimbursement a Mileage Expense." 8 The company purchased $2,880 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 5930 cash for ninor repairs to the company's computer 16 The company received 55,293 cash from Dream, Inc. for computing services provided 19 The company paid the full amount due of 53,990 to Harris Office Products, consisting of amounts created on December 15 (of 51,110) and arch: 24 The company billed Easy Leasing for 59,107 of computing Services provided 25 The company sold merchandise with a $2,012 cost for $2,610, on credit to wildcat Services, Invoice dated March 30 The company sold merchandise with a $1,048 cost for $2,240 on credit to IH Company. Invoice dated arch 30 31 The company recursed Santana ley 5256. cash for business automobile ailes. The condan recorded the Pembursementale Expense prior to financial statement preparation The following additional facts are available for preparing adjustments on March HOT 25 Next 1 2 3 5 6 .... Record the cost of January 13 sale. Note: Enter debits before credits. Date General Journal Debit Credit Jan 13 Record entry Clear entry View general Journal