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[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. Credit Debit $48,472 @ 3,100 0 2,728 oc 0 0 @ No. 101 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.8 106.9 119 126 128 131 163 164 167 168 201 2 10 236 301 302 403 413 414 Account Title Cash Alexs 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 office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital S. Rey, Withdrawals Computer services revenue Sales Salse returns and allowances 780 1,881 845 8,050 $ B50 20,700 1,118 1 150 860 1,318 81,776 18 JU 1, 110 1, 150 860 1,310 81,776 0 0 201 210 236 301 B02 403 413 414 415 502 612 613 625 637 640 652 655 676 677 684 Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital s. 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 0 0 0 0 0 0 0 In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10, 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: Jan. 4. The company paid cash to Lyn Addie for five days work at the rate of $215 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $24,100 cash in the company. 7 The company purchased $7,109 of merchandise from Kansas Corp. With terms of 1/10, 0/30, FOB shipping point, invoice dated January 7. 9. The company received $2,728 cash from Gomez co as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. and billed it $5,480, which is the total price of $6,790 less the advance payment of $1,319. The company debited Unearned computer Services Revenue for Date General Journal Debit Credit Jan 04 780 Wages payable Wages expense Cash >>> 195 975 X Jan 05 Cash 24,400 X Repairs expense-Computer >X 24.400 X Jan 07 Merchandise inventory Accounts payable 7,100 7,100 Jan 09 Cash 2.698 Accounts receivable-Gomez Co. SIS 2.698 Jan 11 5.400 Accounts receivable-Alex's Engineering Co. Unearned computer services revenue Computer services revenue BIOS 1.490 X 6.890 Jan 13 Accounts receivableLiu Corp. 4.300 X Sales SIS 4,300 Jan 13 Accounts receivable Liu Corp. 4,300 Sales 4,300 Jan 13 3,400 Cost of goods sold Merchandise inventory 3,400 x OO OS Jan 15 Merchandise inventory 770 Cash 770 Jan 16 Cash 4,110 X Computer services revenue 4,110 Jan 17 Accounts payable 7,100 Cash OOO 7.029 Merchandise inventory Jan 20 Sales returns and allowances 600 Accounts receivableLiu Corp. 600 12 Jan 22 Cash 3.663 Sales discounts 37 OG Annointi ... an GP -S o # Jan 22 Cash 3,663 X SOS 37 X Sales discounts Accounts receivable Liu Corp. 3,700 Jan 24 Accounts payable Merchandise inventory 486 X O 486 X Jan 26 Accounts receivable-KC, Inc. Sales X 5,900 x 5,900 X 5 Jan 26 Cost of goods sold Merchandise inventory 4,570 X 5,840 6 Jan 26 Cost of goods sold Merchandise inventory 4,560 4.560 7 Jan 31 Wages expense Cash 1,550 1,550 a Feb 01 Prepaid rent 12,475 x Cash SIS 2.475 X [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. Credit Debit $48,472 @ 3,100 0 2,728 oc 0 0 @ No. 101 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.8 106.9 119 126 128 131 163 164 167 168 201 2 10 236 301 302 403 413 414 Account Title Cash Alexs 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 office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital S. Rey, Withdrawals Computer services revenue Sales Salse returns and allowances 780 1,881 845 8,050 $ B50 20,700 1,118 1 150 860 1,318 81,776 18 JU 1, 110 1, 150 860 1,310 81,776 0 0 201 210 236 301 B02 403 413 414 415 502 612 613 625 637 640 652 655 676 677 684 Accumulated depreciation-Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital s. 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 0 0 0 0 0 0 0 In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10, 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: Jan. 4. The company paid cash to Lyn Addie for five days work at the rate of $215 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $24,100 cash in the company. 7 The company purchased $7,109 of merchandise from Kansas Corp. With terms of 1/10, 0/30, FOB shipping point, invoice dated January 7. 9. The company received $2,728 cash from Gomez co as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. and billed it $5,480, which is the total price of $6,790 less the advance payment of $1,319. The company debited Unearned computer Services Revenue for Date General Journal Debit Credit Jan 04 780 Wages payable Wages expense Cash >>> 195 975 X Jan 05 Cash 24,400 X Repairs expense-Computer >X 24.400 X Jan 07 Merchandise inventory Accounts payable 7,100 7,100 Jan 09 Cash 2.698 Accounts receivable-Gomez Co. SIS 2.698 Jan 11 5.400 Accounts receivable-Alex's Engineering Co. Unearned computer services revenue Computer services revenue BIOS 1.490 X 6.890 Jan 13 Accounts receivableLiu Corp. 4.300 X Sales SIS 4,300 Jan 13 Accounts receivable Liu Corp. 4,300 Sales 4,300 Jan 13 3,400 Cost of goods sold Merchandise inventory 3,400 x OO OS Jan 15 Merchandise inventory 770 Cash 770 Jan 16 Cash 4,110 X Computer services revenue 4,110 Jan 17 Accounts payable 7,100 Cash OOO 7.029 Merchandise inventory Jan 20 Sales returns and allowances 600 Accounts receivableLiu Corp. 600 12 Jan 22 Cash 3.663 Sales discounts 37 OG Annointi ... an GP -S o # Jan 22 Cash 3,663 X SOS 37 X Sales discounts Accounts receivable Liu Corp. 3,700 Jan 24 Accounts payable Merchandise inventory 486 X O 486 X Jan 26 Accounts receivable-KC, Inc. Sales X 5,900 x 5,900 X 5 Jan 26 Cost of goods sold Merchandise inventory 4,570 X 5,840 6 Jan 26 Cost of goods sold Merchandise inventory 4,560 4.560 7 Jan 31 Wages expense Cash 1,550 1,550 a Feb 01 Prepaid rent 12,475 x Cash SIS 2.475 X