Di serial problem began in Chapter Tand continues through most of the book. IV previous chapter seg- ments were not completed the serial problem can begin at this point. SERIAL PROBLEM Business Solutions P1 P2 P3 P4 sos 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 Dr. CE No. Account Title Dr. Cr. $48,372 0 $ 500 1,500 80 360 $0 0 101 Costi 1068 Als Engineering Co. 1052 Wide Services 1063 Easy Leasing 1064 FM 1065 Corp 1066 Gone Co 1062 Duo 1058 Cine 1059 Dream, Inc 119 Mechandise eventory 12 Computer supplies 111 Prepaid insurance 3,000 0 2,668 0 210 Wages payable 236 Uneamed computer services revende 301 S Rey. Capital 302 S.Rey. Withdrawals 403 Computer Services revenge 413 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Omice equipmen 613 Depreciation expense- Computer equipment 623 Wages expense 637 Imrance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense... 677 Miscellaneous expenses 684 Repair expense-Computer 0 0 580 1.665 825 8,000 161 16 Accumulated depreciation Ocument Como rent kumulated depreciation- Computer met OOOOOOOO $400 20.000 1.250 1,100 0 HUU la reprime to requests from customers, S. Rey will begin selling computer software. The company will calend credin terms of 1/10, 1/30. FOB shipping point to all customers who purchase this merchandise Merwever, no cash discount is available on consulting fees. Additional accounts (Nos. 119,413,414, 415. 402) are added to its general ledger to accommodate the company's new merchandising activities. Its actions for January through March follow. In the company paid cash to Lyn Addie for five days' work at the rate of $125 per clay. Fruit of the five days relate to wages payable that were accrued in the prior year. Santana Rey invested an additional $25,000 cash in the company. The company purchased 55.800 of merchandise from Kansas Corp, with terms of 1/10, 1/30. The company received 2,66% cash from Gomes Co, as full payment on its account The company completed a five-day project for Alex's Engineering Co and billed at 85,500, which is the total price of $7.000 less the advance payment of S1.500. The company debited The company sold merchandise with a retail value or ss.200 and a cost of 53,560 to Lu Corp. Invoice dated January 13, Di serial problem began in Chapter Tand continues through most of the book. IV previous chapter seg- ments were not completed the serial problem can begin at this point. SERIAL PROBLEM Business Solutions P1 P2 P3 P4 sos 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 Dr. CE No. Account Title Dr. Cr. $48,372 0 $ 500 1,500 80 360 $0 0 101 Costi 1068 Als Engineering Co. 1052 Wide Services 1063 Easy Leasing 1064 FM 1065 Corp 1066 Gone Co 1062 Duo 1058 Cine 1059 Dream, Inc 119 Mechandise eventory 12 Computer supplies 111 Prepaid insurance 3,000 0 2,668 0 210 Wages payable 236 Uneamed computer services revende 301 S Rey. Capital 302 S.Rey. Withdrawals 403 Computer Services revenge 413 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Omice equipmen 613 Depreciation expense- Computer equipment 623 Wages expense 637 Imrance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense... 677 Miscellaneous expenses 684 Repair expense-Computer 0 0 580 1.665 825 8,000 161 16 Accumulated depreciation Ocument Como rent kumulated depreciation- Computer met OOOOOOOO $400 20.000 1.250 1,100 0 HUU la reprime to requests from customers, S. Rey will begin selling computer software. The company will calend credin terms of 1/10, 1/30. FOB shipping point to all customers who purchase this merchandise Merwever, no cash discount is available on consulting fees. Additional accounts (Nos. 119,413,414, 415. 402) are added to its general ledger to accommodate the company's new merchandising activities. Its actions for January through March follow. In the company paid cash to Lyn Addie for five days' work at the rate of $125 per clay. Fruit of the five days relate to wages payable that were accrued in the prior year. Santana Rey invested an additional $25,000 cash in the company. The company purchased 55.800 of merchandise from Kansas Corp, with terms of 1/10, 1/30. The company received 2,66% cash from Gomes Co, as full payment on its account The company completed a five-day project for Alex's Engineering Co and billed at 85,500, which is the total price of $7.000 less the advance payment of S1.500. The company debited The company sold merchandise with a retail value or ss.200 and a cost of 53,560 to Lu Corp. Invoice dated January 13