January 4 The company 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. Januay 5 Santana Rey invested an additional $25,880 cash in the company in exchange for more common stock. zemuary 7 The company purchased $5,800 of merchandise from Kansas Corporation with terms of 1/1,n/30, FOB shipping point, invoice dated January 7. January 9 The company received $2,668 cash from Gorez Company as full payment on its account. January 11 The conpany coepleted a five-day project for Alex's Engineering Company and billed it \$5,500, which is the total price of $7,800 less the advance payment of $1,500. The company debited Unearned Computer Services Revenue for $1,580. 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 company paid $688 cash for freight charges on the merchandise purchased on January 7. January 16 The company received \$4,068 cash from Delta Company for coeputer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7, net of the discount. January 20 The company gave a price reduction (allowance) of $580 to Liu Corporation and credited Liu's accounts receivable for that amount. January 22 The coopany received the balance due from Liu corporation, net of the discount and the allowance. January 24 The conpany returned defective merchandise to Kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was $496. January 26 The conpany purchased $9, eee of merchandise from Kansas Corporation with terms of 1/1,n/36,F08 deztination, invoice dated january 26 . January 26 The cospany sold merchandise with a $4,640 cost for $5,800 on credit to KC, Incorporated, invoice dated January. 26. Jamuary 31 The coopany paid Cash to Lyn Addie for 10 days' work at $125 per day. For each arcoum Usted, select the coriect type of accourt and which financai statement it will be listed on. January 4 The company 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. Januay 5 Santana Rey invested an additional $25,880 cash in the company in exchange for more common stock. zemuary 7 The company purchased $5,800 of merchandise from Kansas Corporation with terms of 1/1,n/30, FOB shipping point, invoice dated January 7. January 9 The company received $2,668 cash from Gorez Company as full payment on its account. January 11 The conpany coepleted a five-day project for Alex's Engineering Company and billed it \$5,500, which is the total price of $7,800 less the advance payment of $1,500. The company debited Unearned Computer Services Revenue for $1,580. 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 company paid $688 cash for freight charges on the merchandise purchased on January 7. January 16 The company received \$4,068 cash from Delta Company for coeputer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7, net of the discount. January 20 The company gave a price reduction (allowance) of $580 to Liu Corporation and credited Liu's accounts receivable for that amount. January 22 The coopany received the balance due from Liu corporation, net of the discount and the allowance. January 24 The conpany returned defective merchandise to Kansas Corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was $496. January 26 The conpany purchased $9, eee of merchandise from Kansas Corporation with terms of 1/1,n/36,F08 deztination, invoice dated january 26 . January 26 The cospany sold merchandise with a $4,640 cost for $5,800 on credit to KC, Incorporated, invoice dated January. 26. Jamuary 31 The coopany paid Cash to Lyn Addie for 10 days' work at $125 per day. For each arcoum Usted, select the coriect type of accourt and which financai statement it will be listed on
