January 24 and Febuary 3 need filled in

Errors fixed

Required information SP 5 Serlal Problem Business Solutions (Stetle) LO P1, P2, P3, P4 [The following information applles to the questions displayed 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 accountlng system is modlfied 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 Recelvable account. This change allows the company to continue using the existing chart of accounts. in response to requests from customers, Santana Rey will begin selling computer software. The company will extend Gedit terms of 1/10,n/30,FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is avallable on consulting fees. Additional accounts (Numbers 119,413,414,415, and 502) are added to Its general ledger to accommodate the company's new merchandising actlvitles. Its transactlons for January through March follow. January 4 The conpany paid cash to Lyn Addie for five days' work at the rate of $125 per day. Four of the five days relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additional $25, e00 cash in the conpany. January 7 The conpany purchased $5,890 of nerchandise from Kansas Corporation with terms of 1/10, n/30, Fon shipping point, invoice dated January 7. January 9 The conpany received $2,668 cash fron Gonez Company as full payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,500, which is the total price of $7,000 less the advance payment of $1,500. The company debited Unearned Conputer Services Revenue for $1,500. January 13 The company sold merchandise with a retail value of $5,280 and a cost of $3,560 to Liu Corporation, invoice dated January 13. January 15 The conpany paid $600 cash for freight charges on the nerchandise purchased on ] anuary 7 . January 16 The conpany received $4,000 cash fron Delta Company for conputer services provided. January 17 The company paid Kansas Corporation for the imvolce dated January 7 , net of the discount. January 20 The conpany gave a price reduction (allowance) of $500 to Liu Corporation and credited Liu"s accounts receivable for that amount. January 22 The company received the balance due fron Liu Corporation, net of the discount and the allowance. 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 $496. January 26 The company purchased $9,000 of nerchandise from Kansas Corporation with terms of 1/10, n/30, FOB destination, invoice dated January 26. January 26 The company sold merchandise with a $4,640 cost for $5,980 on credit to KC, Incorporated, irvolice dated January 26. January 31 The conpany paid cash to Lyn Addle 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. February 3 The conpany paid Kansas Corporation for the balance due, net of the cash discount, less the $496 credit from nerchandise returned on January 24. February 5 The conpany paid $600 cash to Facebook for an advertisement to appear on February 5 only. february 11 The conpany received the balance due fron Alex's Engineering Company for fees billed on January 11. Cebruary 15 Santana Rey withdrew $4,890 cash fron the conpany for personal use. Cebruary 23 The conpany sold merchandise with a $2,660 cost for $3,220 on credit to Delta Company, invoice dated February 23. Cebruary 26 The conpany paid cash to Lyn Addie for eight days" work at \$125 per day. Cebruary 27 The conpany reinbursed Santana Rey $192 cash for business autonobile nileage. The company recorded the reinbursement as "Mileage Expense." March 8 The company purchased $2,730 of computer supplies fron Harris office Products on credit with terms of n/30, FOB destination, involice dated March 8. March 9 The company received the balance due fron Delta Company for merchandise sold on February 23. March 11 The company paid $960 cash for ninor repairs to the conpany's conputer. March 16 The company recelved $5,260 cash fron Dream, Incorporated, for conputing services provided. March 19 The company paid the full anount due of $3,830 to Harris office Products, consisting of anounts created on Decenber 15 (of \$1,100) and March 8 . March 24 The company billed Easy Leasing for $9,047 of conputing services provided. March 25 The company sold merchandise with a $2,e92 cost for $2,890 on credit to wildcat services, irvolice dated March 25. March 30 The conpany sold merchandise with a $1,e48 cost for $2,22 on credit to IFM conpany, invoice dated March 30. March 31 The conpany reinbursed Santana Rey $128 cash for business autonobile nileage. The conpany recorded the reinbursement as "Mileage Expense." The following additional facts are avallable for preparing adjustments on March 31 prlor to financlal statement oreparation. a. The March 31 amount of computer supplies still avallable totals $2,005. b. Prepald Insurance coverage of $555 expired during this three-month period. c. Lyn Addle has not been pald for seven days of work at the rate of $125 per day. d. Prepald rent of $2,475 explred during this three-month perlod. e. Depreclation on the computer equlpment for January 1 through March 31 is \$1,250. f. Depreclation on the office equipment for January 1 through March 31 is $400. g. The March 31 amount of merchandise Inventory still avallable totals $704. \begin{tabular}{|c|c|c|c|c|} \hline No & Date & General Journal & Debit & Credit \\ \hline \multirow[t]{3}{*}{1} & January 04 & Wages payable & 500 & \\ \hline & & Wages expense & 125 & \\ \hline & & Cash & & 825 \\ \hline \multirow[t]{2}{*}{2} & January 05 & Cash & 25,000 & \\ \hline & & Santana Rey, Capital & & 25,000 \\ \hline \multirow[t]{2}{*}{3} & January 07 & Merchandise inventory & 5,800 & \\ \hline & & Acoounts payable & & 5,800 \\ \hline \multirow[t]{2}{*}{4} & January 08 & Cash & 2,688 & \\ \hline & & Accounts receivable_Gomez Company & & 2,868 \\ \hline \multirow[t]{3}{*}{5} & January 11 & Unearned computer services revenue & 1,500 & \\ \hline & & Accounts receivable-Alex's Engineering Company & 5,500 & \\ \hline & & Computer services revenue & & 7,000 \\ \hline \multirow[t]{2}{*}{6} & January 13 & Accounts receivable-Liu Corporation & 5,200 & \\ \hline & & Sales & & 5,200 \\ \hline \multirow[t]{2}{*}{7} & January 13 & Cost of goods sold & 3,560 & \\ \hline & & Merchandise inventory & & 3,560 \\ \hline \multirow[t]{2}{*}{8} & January 15 & Merchandise inventory & 600 & \\ \hline & & Cash & & 800 \\ \hline \multirow[t]{2}{*}{9} & January 18 & Cash & 4,000 & \\ \hline & & Computer services revenue & & 4,000 \\ \hline \multirow[t]{3}{*}{10} & January 17 & Accounts payable & 5,800 & \\ \hline & & Cash & & 5,742 \\ \hline & & Merchandise inventory & & 58 \\ \hline \multirow[t]{2}{*}{11} & January 20 & Sales returns and allowances & 500 & \\ \hline & & Acoounts receivable-_iu Corporation & & 500 \\ \hline \multirow[t]{3}{*}{12} & January 22 & Cash & 4,653 & \\ \hline & & Sales discounts & 47 & \\ \hline & & Acoounts receivable-Liu Corporation & & 4,700 \\ \hline \multirow[t]{2}{*}{13} & January 24 & Acoounts payable & & \\ \hline & & Merchandise inventory & & \\ \hline \multirow[t]{2}{*}{14} & January 26 & Merchandise inventory & 9,000 & \\ \hline & & Accounts payable & & 8,000 \\ \hline \multirow[t]{2}{*}{15} & January 26 & Accounts receivable-KC, Incorporated & 5,800 & \\ \hline & & Sales & & 5,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline> & 16 & January 26 & Cost of goods sold & 4,640 & \\ \hline & & & Merchandise inventory & & 4,840 \\ \hline \multirow[t]{2}{*}{>} & 17 & January 31 & Wages expense & 1,250 & \\ \hline & & & Cash & & 1,250 \\ \hline \multirow[t]{2}{*}{>} & 18 & February 01 & Prepaid rent & 2,475 & \\ \hline & & & Cash & & 2,475 \\ \hline \multirow[t]{3}{*}{} & 18 & February 03 & Accounts payable & & \\ \hline & & & Cash & & 8,414 \\ \hline & & & Merchandise inventory & & \\ \hline \multirow[t]{2}{*}{} & 20 & February 05 & Advertising expense & 600 & \\ \hline & & & Cash & & 800 \\ \hline & 21 & February 11 & Cash & 5,500 & \\ \hline & & & Accounts receivable-Alex's Engineering Company & & 5,500 \\ \hline \multirow[t]{2}{*}{>} & 22 & February 15 & Santana Rey, Withdrawals & 4,800 & \\ \hline & & & Cash & & 4,800 \\ \hline \multirow[t]{2}{*}{} & 23 & February 23 & Accounts receivable-Delta Company & 3,220 & \\ \hline & & & Sales & & 3,220 \\ \hline \multirow[t]{2}{*}{} & 24 & February 23 & Cost of goods sold & 2,660 & \\ \hline & & & Merchandise inventory & & 2,860 \\ \hline \multirow[t]{2}{*}{>} & 25 & February 26 & Wages expense & 1,000 & \\ \hline & & & Cash & & 1,000 \\ \hline \multirow[t]{2}{*}{} & 26 & February 27 & Meage expense & 192 & \\ \hline & & & Cash & & 182 \\ \hline & 27 & March 08 & Computer supples & 2,730 & \\ \hline & & & Accounts payable & & 2,730 \\ \hline \multirow[t]{2}{*}{>} & 28 & March 08 & Cash & 3,220 & \\ \hline & & & Accounts receivable-Delta Company & & 3,220 \\ \hline \multirow[t]{2}{*}{} & 29 & March 11 & Repairs expense-Computer & 960 & \\ \hline & & & Cash & & 960 \\ \hline \multirow[t]{2}{*}{>} & 30 & March 16 & Cash & 5,260 & \\ \hline & & & Computer services revenue & & 5,260 \\ \hline \multirow[t]{2}{*}{>} & 31 & March 18 & Acoounts payable & 3,830 & \\ \hline & & & Cash & & 3,830 \\ \hline> & 32 & March 24 & Accounts receivable-Easy Leasing & 9,047 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow[t]{2}{*}{>} & 32 & March 24 & Accounts receivable_Easy Leasing & 9,047 & \\ \hline & & & Computer services revenue & & 8,047 \\ \hline \multirow[t]{2}{*}{>} & 33 & March 25 & Accounts receivableWidcat Services & 2,800 & \\ \hline & & & Sales & & 2,800 \\ \hline & 34 & March 25 & Cost of goods sold & 2,002 & \\ \hline & & & Merchandise inventory & & 2,002 \\ \hline \multirow[t]{2}{*}{>} & 35 & March 30 & Accounts receivable-IFM Company & 2,220 & \\ \hline & & & Sales & & 2,220 \\ \hline & 36 & March 30 & Cost of goods sold & 1,048 & \\ \hline & & & Merchandise inventory & & 1,048 \\ \hline & 37 & March 31 & Meage expense & 128 & \\ \hline & & & Cash & & 128 \\ \hline \end{tabular} (2) Answe \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ BUSINESS SOLUTIONS } \\ \hline \multicolumn{2}{|c|}{ For Three Months Ended March 31, 2022 } \\ \hline Revenues & & \\ \hline & & \\ \hline & & \\ \hline Total revenues & & \\ \hline Expenses & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2022 \begin{tabular}{|l|r|r|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Expenses sales & & \\ \hline Selling expenses & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total selling expenses & & \\ \hline General and administrative expenses & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ BUSINESS SOLUTIONS } \\ \hline \multicolumn{2}{|c|}{ Statement of Owner's Equity } \\ \hline Santana Rey, Capital, December 31, 2021 \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Santana Rey, Capital, March 31, 2022 & \\ \hline \end{tabular} BUSINESS SOLUTIONS Balance Sheet March 31, 2022 Assets Current assets