eztomheducation.com/exma - ingi Project / Practice Set Check my work mode : This shows what is correct or incorrect for the work you have completed so far. In Required Information [The following information applies to the questions displayed below) 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 Debit $48,512 Credit 3,ese Account Title 101 Cash 105.1 Alex's Engineering co. 105.2 Wildcat Services 106.3 Easy Leasing 100. ITH CO 106.5 Liu Corp. 106.8 et Co. 106.7 Deltaco 305.8C, Inc. 105. brean, The Merchandise inventory 126 Computer supplies prepaid insurance 131 Prepaid rent office 154 Accumulated depreciation office equiment 167 Computer equipment 16 Accumulated depreciation-computer ist 21 1,989 3,110 $ 21, 1,210 1,260 301 32 red computer services rere 5. Rey, Capital S. this Computer des revenue > o din D h Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It 382 413 414 415 582 612 5. Rey, Capital 5. Rey, withdrawals Computer services revenue Sales Sales returns and allowances Sales discounts Cost of goods sold Depreciation expense-office equipment Depreciation expense-Computer equipment wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-computer 623 640 652 655 676 677 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. 4 The company paid cash to Lyn Addie for five days' work at the rate of 5245 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23,800 cash in the company. 7 The company purchased 37,500 of merchandise from Kansas Corp. with teras of 1/10, 1/30, POB shipping point, invoice dated January 7. 9 The company received $2,748 cash from donez co. as full payment on its account. 11 The company completed a five-day project for Alex's Engineering co. and billed it $5,300, which is the total price of 56,730 less the advance payment of $1,430. The company debited unearned computer Services Revenue for $1,450. 13 The company sold merchandise with a retail value of $4,400 and cost of $3,550 to Liu Corp., invoice dated January 13. 15 The company paid 5760 cash for felt sharges on the merchandise purchased on January 7. EM W t/Practice Set Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It d $1,430 13 The company sold merchandise with a retail value of $4,400 and a cost of $3,55e to Liu Corp., invoice dated January 13. 15 The company paid $700 cash for freight charges on the merchandise purchased on January 7. 16 The company received $4,070 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 some to Liu Corp., and credited Liu's accounts receivable for that amount. 22 The company received the balance due from 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 5486. 26 The company purchased $9,000 of merchandise from Kansas Corp. with terms of 1/10, 1/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,440 cost for $5,828 on credit to ke, Inc., invoice dated January 26. 31 The company paid cash Lyn Addie for 10 days' work at 5245 per day. Feb. 1 The company paid $2,475 cash to Hillside Hall for another three months' rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the 1486 credit from merchandise returned on January 24. 5 The company paid $490 cash to Facebook for an advertisement to appear on February 5 only. 11 The company received the balance due fron Alex's Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew $4,650 cash from the company for personal use. 23 The company sold merchandise with a $2,630 cost for $3,300 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $245 per day. 27 The company reimbursed Santana Rey $288 for business automobile mileage. The company recorded the reimbursement as "Hileage Expense." Mar. The company purchased $2,85e of computer supplies from Harris Office Products on credit with terms of n/30, FB destination, invoice dated March 8. The company received the balance due from Delta co. for serchandise sold on February 23. 11 The company paid 5930 cash for minor repairs to the company's computer 16 The company received 55,410 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of 54,110 to Harris Office Products, consisting of amounts created on December 15 (of $1,260) and March 3. 24 The company billed Easy Leasing for 59,077 of computing services provided. 25 The company sold merchandise with a $2,142 cost for $2,980 on credit to wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,058 cost for $2,360 on credit to Ith company, invoice dated Harch 30. 31 The company reimbursed Santana Rey 5492_for business autonobile mileage. The company recorded the reimbursement ER W N P TrueVision HD Connect B Homepage AOCIO-IWL ACCLX 2F%252Fims.mheducat zto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A2 Project / Practice Set Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does wine company sou wernanesse wat , cost Tor, on creant to IPR company, Inoace Gates raren su 31 The company reimbursed Santana Rey $192 for business automobile sileage. The company recorded the reimbursement as "Hileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation: a. The March 31 amount of computer supplies sull available totals $2,065. b. Prepaid Insurance coverage of $663 expired during this 3-month period. c. Lyn Addle has not been paid for seven days of work at the rate of $245 per day. d. Prepaid rent of $2.475 expired during this 3-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1210 Depreciation on the office equipment for January 1 through March 31 is $370. 9. The March 31 amount of merchandise Inventory still available totals $624. 3. Prepare 6-column work sheet that includes the unadjusted trial balance, the March 31 adjustments (a) through (g), and the adjusted trial balance. Do not prepare closing entries and do not journalize the adjustments or post them to the ledger 3 Answer is not complete. BUSINESS SOLUTIONS Partial Work Sheet March 31, 2020 Unadjusted Trial Balance Dr. CE 0 Adjustments Adjusted Trial Balance No. Account Title Dr. Dr. Cr 0 101 100.1 1002 1003 Alex's Engineering Co Widoat Services 2.050 o 2.077 . . o zomheducation.context/map/index.html?con con&external browser=0&launch Url=https%253A%252F%252Fms.mn Project / Practice Set Check my work mode: This shows what is correct or incorrect for the work you have completed so far. Required information March 31, 2020 Undjusted No DE Dr. 0 & X 2,050 0.077 5,410 2.077 lolo 5,410 101 100.1 100.2 100.3 108.4 100.5 1080 106.7 1080 1080 110 Account Cash Alex's Engineering Co. Wildcat Services Easy Leasing IFM CO Liu Corp Gomez Co Delta Co KC. Inc Dream, Inc Merchandise inventory Computer supplies Prepaid insurance Prepaid rent Omce equipment Accumulated depreciation Office equipment Computer equipment Aboumed depreciation-Computer equipment 5.620 5.620 128 2.822 3.630 1.000 3.300 2.100 1.505 003 2.475 604 2,005 1.320 825 8,110 128 131 163 184 167 108 8.110 370 370 21.000 21.900 1,210 1210 2.420 P 1 Project / Practice Set Check my work mode : This shows what is correct or incorrect for the work you have completed so te Required information 167 21,000 21.000 168 1.210 1.210 2.420 201 1.715 1.715 . 210 230 301 302 108,464 100,404 4,660 4,650 403 25,207 18,830 O 25,287 18,830 ol 413 Computer equipment Accumulated depreciation Computer equipment Accounts payable Wages payable Uneamed computer services revenue S. Rey, Capital S. Rey, Withdrawal Computer services revenue Sales Sales returns and allowances Sales discounts Cost of goods sold Depreciation expense Office equipment Depreciation expense Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 000 38 13.8178 800 38 16.015 poo 415 502 612 613 623 2.100 370 370 4,655 637 040 052 655 1.210 1.715 083 X 2.475 1.585 400 1.210 0.370 083 490 480 400 030 670 480 077 084 480 90.218 152.161 10.100 10.100 87.483 155.450 w eztomheducabon.com/ext/ma ang I Project / Practice Set Check my work mode: This shows what is correct or incorrect for the work you have comple Required Information [The following information applies to the questions displayed below) Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and its list of cus 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 a December 31, 2019, Santana Rey decided to add a fourth dirt with a decimal point to the 106 account number tha been used for the single Accounts Receivable account. This change allows the company to continue using the exi chart of accounts Debit $48,512 Credit 3.se No. Account Title 101 Cash 106.1 Alex's Engineering co. 106.2 Wildcat Services 196.3 Easy Leasing 106. IF CO. 106.5 Liu Corp. 100.6 oz Co. 106.7 Deltaco 106.3 C, Inc. 106.9 brea, Inc. 199 Merchandise inventory 126 Computer supplies 126 Prepaid insurance 151 Prepaid rent 163 uipent 154 Accumulated depreciation office coment 167 Computer equipment 163 accumulated depreciation Computer count accounts payable 235 Unand computer screve 361 5. Rey, Capital 302 5. Hey, thoals Couter services revenue 750 Office 1,110 30

o din D h Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It 382 413 414 415 582 612 5. Rey, Capital 5. Rey, withdrawals Computer services revenue Sales Sales returns and allowances Sales discounts Cost of goods sold Depreciation expense-office equipment Depreciation expense-Computer equipment wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-computer 623 640 652 655 676 677 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. 4 The company paid cash to Lyn Addie for five days' work at the rate of 5245 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23,800 cash in the company. 7 The company purchased 37,500 of merchandise from Kansas Corp. with teras of 1/10, 1/30, POB shipping point, invoice dated January 7. 9 The company received $2,748 cash from donez co. as full payment on its account. 11 The company completed a five-day project for Alex's Engineering co. and billed it $5,300, which is the total price of 56,730 less the advance payment of $1,430. The company debited unearned computer Services Revenue for $1,450. 13 The company sold merchandise with a retail value of $4,400 and cost of $3,550 to Liu Corp., invoice dated January 13. 15 The company paid 5760 cash for felt sharges on the merchandise purchased on January 7. EM W t/Practice Set Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It d $1,430 13 The company sold merchandise with a retail value of $4,400 and a cost of $3,55e to Liu Corp., invoice dated January 13. 15 The company paid $700 cash for freight charges on the merchandise purchased on January 7. 16 The company received $4,070 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 some to Liu Corp., and credited Liu's accounts receivable for that amount. 22 The company received the balance due from 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 5486. 26 The company purchased $9,000 of merchandise from Kansas Corp. with terms of 1/10, 1/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,440 cost for $5,828 on credit to ke, Inc., invoice dated January 26. 31 The company paid cash Lyn Addie for 10 days' work at 5245 per day. Feb. 1 The company paid $2,475 cash to Hillside Hall for another three months' rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the 1486 credit from merchandise returned on January 24. 5 The company paid $490 cash to Facebook for an advertisement to appear on February 5 only. 11 The company received the balance due fron Alex's Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew $4,650 cash from the company for personal use. 23 The company sold merchandise with a $2,630 cost for $3,300 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $245 per day. 27 The company reimbursed Santana Rey $288 for business automobile mileage. The company recorded the reimbursement as "Hileage Expense." Mar. The company purchased $2,85e of computer supplies from Harris Office Products on credit with terms of n/30, FB destination, invoice dated March 8. The company received the balance due from Delta co. for serchandise sold on February 23. 11 The company paid 5930 cash for minor repairs to the company's computer 16 The company received 55,410 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of 54,110 to Harris Office Products, consisting of amounts created on December 15 (of $1,260) and March 3. 24 The company billed Easy Leasing for 59,077 of computing services provided. 25 The company sold merchandise with a $2,142 cost for $2,980 on credit to wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,058 cost for $2,360 on credit to Ith company, invoice dated Harch 30. 31 The company reimbursed Santana Rey 5492_for business autonobile mileage. The company recorded the reimbursement ER W N P TrueVision HD Connect B Homepage AOCIO-IWL ACCLX 2F%252Fims.mheducat zto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A2 Project / Practice Set Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does wine company sou wernanesse wat , cost Tor, on creant to IPR company, Inoace Gates raren su 31 The company reimbursed Santana Rey $192 for business automobile sileage. The company recorded the reimbursement as "Hileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation: a. The March 31 amount of computer supplies sull available totals $2,065. b. Prepaid Insurance coverage of $663 expired during this 3-month period. c. Lyn Addle has not been paid for seven days of work at the rate of $245 per day. d. Prepaid rent of $2.475 expired during this 3-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1210 Depreciation on the office equipment for January 1 through March 31 is $370. 9. The March 31 amount of merchandise Inventory still available totals $624. 3. Prepare 6-column work sheet that includes the unadjusted trial balance, the March 31 adjustments (a) through (g), and the adjusted trial balance. Do not prepare closing entries and do not journalize the adjustments or post them to the ledger 3 Answer is not complete. BUSINESS SOLUTIONS Partial Work Sheet March 31, 2020 Unadjusted Trial Balance Dr. CE 0 Adjustments Adjusted Trial Balance No. Account Title Dr. Dr. Cr 0 101 100.1 1002 1003 Alex's Engineering Co Widoat Services 2.050 o 2.077 . . o zomheducation.context/map/index.html?con con&external browser=0&launch Url=https%253A%252F%252Fms.mn Project / Practice Set Check my work mode: This shows what is correct or incorrect for the work you have completed so far. Required information March 31, 2020 Undjusted No DE Dr. 0 & X 2,050 0.077 5,410 2.077 lolo 5,410 101 100.1 100.2 100.3 108.4 100.5 1080 106.7 1080 1080 110 Account Cash Alex's Engineering Co. Wildcat Services Easy Leasing IFM CO Liu Corp Gomez Co Delta Co KC. Inc Dream, Inc Merchandise inventory Computer supplies Prepaid insurance Prepaid rent Omce equipment Accumulated depreciation Office equipment Computer equipment Aboumed depreciation-Computer equipment 5.620 5.620 128 2.822 3.630 1.000 3.300 2.100 1.505 003 2.475 604 2,005 1.320 825 8,110 128 131 163 184 167 108 8.110 370 370 21.000 21.900 1,210 1210 2.420 P 1 Project / Practice Set Check my work mode : This shows what is correct or incorrect for the work you have completed so te Required information 167 21,000 21.000 168 1.210 1.210 2.420 201 1.715 1.715 . 210 230 301 302 108,464 100,404 4,660 4,650 403 25,207 18,830 O 25,287 18,830 ol 413 Computer equipment Accumulated depreciation Computer equipment Accounts payable Wages payable Uneamed computer services revenue S. Rey, Capital S. Rey, Withdrawal Computer services revenue Sales Sales returns and allowances Sales discounts Cost of goods sold Depreciation expense Office equipment Depreciation expense Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 000 38 13.8178 800 38 16.015 poo 415 502 612 613 623 2.100 370 370 4,655 637 040 052 655 1.210 1.715 083 X 2.475 1.585 400 1.210 0.370 083 490 480 400 030 670 480 077 084 480 90.218 152.161 10.100 10.100 87.483 155.450 w eztomheducabon.com/ext/ma ang I Project / Practice Set Check my work mode: This shows what is correct or incorrect for the work you have comple Required Information [The following information applies to the questions displayed below) Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and its list of cus 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 a December 31, 2019, Santana Rey decided to add a fourth dirt with a decimal point to the 106 account number tha been used for the single Accounts Receivable account. This change allows the company to continue using the exi chart of accounts Debit $48,512 Credit 3.se No. Account Title 101 Cash 106.1 Alex's Engineering co. 106.2 Wildcat Services 196.3 Easy Leasing 106. IF CO. 106.5 Liu Corp. 100.6 oz Co. 106.7 Deltaco 106.3 C, Inc. 106.9 brea, Inc. 199 Merchandise inventory 126 Computer supplies 126 Prepaid insurance 151 Prepaid rent 163 uipent 154 Accumulated depreciation office coment 167 Computer equipment 163 accumulated depreciation Computer count accounts payable 235 Unand computer screve 361 5. Rey, Capital 302 5. Hey, thoals Couter services revenue 750 Office 1,110 30