how to do the sales , cash recipts, purchases, cash payments and general journal? thank you Santana Rey created Business Solutions on October 1, 2021.

how to do the sales , cash recipts, purchases, cash payments and general journal? thank you image text in transcribed

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 customec. 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. In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of vo. n/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: January 4 The conpany paid cash to Lyn Addie for five days' work at the rate of 5195 per day. Four of the ive days relate to wages payable that were acerued in the prior year. January 5 Santana Rey invested an additional $24,200 cash in the conpany. January 7 The conpany purchased $7,100 of merchandise fron Kansas Corporation with teris of 1/10, n/36, F0e shipping point, invoice dated January 7. January 9 The company received $2,768 cash fron Gonez conpany as fulL paynent on its account. January 11 The company completed a five-day project for Alex's Engineering Conpany and billed it $5, 4, which is the total price of $6,840 less the advance payment of $1,440. The conpany debited Unearned Coeputer 5 ervices Revence for 51,440 . January 13 The conpany sold merchandise with a retail value of 54,460 and a cost of 53 , 490 to Liu Corporation, invaice dated January 13. January 15 The conpany paid $730 cash for freight charges on the nerchandise purchased on January 7 . January 16 The company received 54,160 cash from Delta Conpany for conputer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7 , net of the discount, January 20 The conpany gave a price reduction (allowance) of $600 to Liu Corporation, and credited Liu's accounts receivable for that anount. January 22 The conpany received the balance due fron liu corperation, net of the discount and the allouance. January 24 The company returned defective nerchandise to kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective nerchandise invoice cost, net of the discount, was $486 January 26 The conpany purchased 59 , 00a of nerchandise fron Kansas Corporation with terms of 1/10, n/3a, f0e destinotion, invoice dated Jansary 26. January 26 The company sold merchandise with a $4,640 cost for 55,870 an credit to KC, Incorporated, invoice dated January 26. January 31. The conpany paid cash to Lyn Addie for 10 days" work at $195 per day. February 1 The company paid $2,275 cash to Hillside Matl for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance due, net of the cash discount, less the 1486 credit from merchandise returned on January 24 . February 5 The conpany paid 5480 cash to Facebook for an advertisenent to appear on february 5 only. February 11 The conpany received the balance due fron Alex's Engineering Conpany for fees billed on lanuary 11. February 15 5. Rey withdrew $4,670 cash fron the conpany for personat use. February 23 The company 50 ld nerchandise with a 52,470 cost for 53,350 on credit to Delta company, invoice dated february 23 . rebruary 23. February 26 The conpany paid cash to: Lyn Addie for eight days' work at 5195 per day. February 27 The conpany reimbursed Santana Rey $192 cash for business autonobite nileage. The conpany recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,810 of computer supplies from Harris office Products on credit with terms of n/30, FoB destination, invoice dated March 8. March 9 The conpany received the balance due fron Delta Conpany for nerchandise sold on. February 23. March 11 The company paid 5828 cash for minor repairs to the conpany's computer. March 16 The company received 55,440 cash from Drean, Incorporated, for conputing services provided. March 19 The company paid the full atount due of $4,000 to Harris 0ffice Products, consisting of anounts created on December 15 (of $1,190 ) and March 8 . March 24 The conpany billed Easy Leasing for $9,067 of conputing services provided. March 25 The company sold merchandise with a $2,092 cost for $2,950 on credit to Witdcat services, involce dated March 25. March 30 The conpany sold merchandise with a $1,218 cost for $2,370 on credit to IfH Conpany, invoice dated March 30. March 31 The company reimbursed Santana Rey $288 cash for business automobile-mileage, The company recorded the reinbursement 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 Payee 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. Enter the Business Solutions transactions for January through March in a sales journal. 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 customec. 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. In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of vo. n/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: January 4 The conpany paid cash to Lyn Addie for five days' work at the rate of 5195 per day. Four of the ive days relate to wages payable that were acerued in the prior year. January 5 Santana Rey invested an additional $24,200 cash in the conpany. January 7 The conpany purchased $7,100 of merchandise fron Kansas Corporation with teris of 1/10, n/36, F0e shipping point, invoice dated January 7. January 9 The company received $2,768 cash fron Gonez conpany as fulL paynent on its account. January 11 The company completed a five-day project for Alex's Engineering Conpany and billed it $5, 4, which is the total price of $6,840 less the advance payment of $1,440. The conpany debited Unearned Coeputer 5 ervices Revence for 51,440 . January 13 The conpany sold merchandise with a retail value of 54,460 and a cost of 53 , 490 to Liu Corporation, invaice dated January 13. January 15 The conpany paid $730 cash for freight charges on the nerchandise purchased on January 7 . January 16 The company received 54,160 cash from Delta Conpany for conputer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7 , net of the discount, January 20 The conpany gave a price reduction (allowance) of $600 to Liu Corporation, and credited Liu's accounts receivable for that anount. January 22 The conpany received the balance due fron liu corperation, net of the discount and the allouance. January 24 The company returned defective nerchandise to kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective nerchandise invoice cost, net of the discount, was $486 January 26 The conpany purchased 59 , 00a of nerchandise fron Kansas Corporation with terms of 1/10, n/3a, f0e destinotion, invoice dated Jansary 26. January 26 The company sold merchandise with a $4,640 cost for 55,870 an credit to KC, Incorporated, invoice dated January 26. January 31. The conpany paid cash to Lyn Addie for 10 days" work at $195 per day. February 1 The company paid $2,275 cash to Hillside Matl for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance due, net of the cash discount, less the 1486 credit from merchandise returned on January 24 . February 5 The conpany paid 5480 cash to Facebook for an advertisenent to appear on february 5 only. February 11 The conpany received the balance due fron Alex's Engineering Conpany for fees billed on lanuary 11. February 15 5. Rey withdrew $4,670 cash fron the conpany for personat use. February 23 The company 50 ld nerchandise with a 52,470 cost for 53,350 on credit to Delta company, invoice dated february 23 . rebruary 23. February 26 The conpany paid cash to: Lyn Addie for eight days' work at 5195 per day. February 27 The conpany reimbursed Santana Rey $192 cash for business autonobite nileage. The conpany recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,810 of computer supplies from Harris office Products on credit with terms of n/30, FoB destination, invoice dated March 8. March 9 The conpany received the balance due fron Delta Conpany for nerchandise sold on. February 23. March 11 The company paid 5828 cash for minor repairs to the conpany's computer. March 16 The company received 55,440 cash from Drean, Incorporated, for conputing services provided. March 19 The company paid the full atount due of $4,000 to Harris 0ffice Products, consisting of anounts created on December 15 (of $1,190 ) and March 8 . March 24 The conpany billed Easy Leasing for $9,067 of conputing services provided. March 25 The company sold merchandise with a $2,092 cost for $2,950 on credit to Witdcat services, involce dated March 25. March 30 The conpany sold merchandise with a $1,218 cost for $2,370 on credit to IfH Conpany, invoice dated March 30. March 31 The company reimbursed Santana Rey $288 cash for business automobile-mileage, The company recorded the reinbursement 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 Payee 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. Enter the Business Solutions transactions for January through March in a sales journal