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February 15S. Rey withdrew $4,800 cash from the company for personal use. February 23 The company sold merchandise with a $2,660 cost for $3,22 on

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February 15S. Rey withdrew $4,800 cash from the company for personal use. February 23 The company sold merchandise with a $2,660 cost for $3,22 on credit to Delta Conpany, involce dated February 23. February 26 The company paid cash to Lyn Addie for eight days' work at $125 per day. February 27 The company reimbursed Santana Rey $192 cash for business automobile mileage. The company recorded the reimbursenent as "Mileage Expense." March 8 The company purchased $2,730 of conputer supplies fron Harris office Products on credit with terns of n/30, FOB destination, invoice dated March 8. March 9 The company received the batance due from Delta Company for merchandise sold on February 23. March 11 The company paid $960 cash for ninor repairs to the conpany's computer. Marcl 16 The conpany received $5,260 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the fuli amount due of $3,830 to Harris office Products, consisting of anounts created on December 15 (of $1,100 ) and March 8. March 24 The company billed Easy Leasing for $9,047 of computing services provided. March 25 The company sold merchandise with a $2,002 cost for $2,800 on credit to Wildcat Services, invoice dated March 25 . March 30 The conpany sold merchandise with a $1,048 cost for $2,220 on credit to IFM Conpany, invoice dated March 30 . March 31 The company reinbursed Santana Rey $128 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." Assume that Santana Rey expands Business Solutions' system to include special journals. Required: 2. \& 3. Enter the Business Solutions transactions for January through March in a sales journal, cash receipts journal, purchases journal, and cash payments journal or general journal. If the transaction does not specify the name of the payee, state "not specified" in the Payec column of the cash payments journal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, and 24 and March 24. Do not record and post the adjusting entries for the end of March. Complete this question by entering your answers in the tabs below. Santana Rey created Business Solutions on October 1, 2021. 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, 2021. 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. Complete this question by entering your answers in the tabs below. Enter the Business Solutions transactions for 3anuary through March in a sales journal. In response to requests from customers, S. Rey will begin selling computer software. The company wili extend credit terms of 1/10. r30. FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is avaliable 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: January 4 The coteany paid cash to Lyn Addie for five days" work at the rate of $125 per day. Four of the five days relate to vages payabte that were acerued in the prior year. January 5 Santana Rey invested an additionat $25,000cash in the conpany. January 5 Santana Rey invested an additionat 525 , 009 cash in the conpany, January 7 The company purchased $5,800 of nerchandise fron Kabsas Corporation with terns of 1/10, n/30, ros shipping Januacly 9 point, involce, dated January 7 . Revenue for $1,500. January 13 The cotpany sold nerchandise with a retait vatue of $5,200 and a cost of $3,560 to Liu Corporation, involce dated Janusry 13. January 15 The conpany paid $608 cash for freight charges on the nerchandise purchased on January 7 . January 15 The conpany paid $608 cash tor freight charges on the nerchandise purchased on January January 16 The conpany received $4,060 cash fron Delta Conpany for conputer services provided. January 16 The conpany received $4,06a cash fron Detea Conpany for conputer services provided, January 17 The conpany paid Kansas Corporation for the invoice dated January 7 , net of the discount. recelvable for that anount. January 22 The company received the batance due froe Liu corporation, net of the discount and the atiovance. January 22 The conpany received the batance due froe Liu corporation, net of the discount and the ato company returned defective nerchandise to Kansas Corporation and accepted a credit against future 5496 . January 26 The conpany purchased $9,000 of nerchandise fron Kansas corporation wth teras of 1/2e, n/a0, Fos dest ination, invoice dated January 26. January 26 The conpany sold erchandise with a $4,640 cost for $5, bae on credit to KC, Incorporated, invoice dated Jasuary 26 . January 31 The conpany paid cash 10 Lyn Addie for 10 days' work at $125 per day, February 1 The conpany paid $2,475 cash to Hillside Mall for another three months' rent in advance. tron merchandise returned on Janwary 24 , Pebruary 5 The conpany paid s6as cash to Focebook fer an advertiseaent to appear on February 5 only

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