Photos - Screenshot 023.png See all phalus + Audio t X Edit & Create Share D 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 $48,532 d @ 3,100 @ 2,738 @ 710 1,685 675 8,020 $ 290 22,000 No. Account Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Easy Leasine 106.4 IFM Co. 106.5 Liu Corp. 106.6 Gomez Co. 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation Office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 493 Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 1,050 1,120 620 1,360 83,620 @ @ @ e e @ @ @ B Type here to search O N - L (? + 00 OM 1:59 PM 11/19/2020 $. Photos - Screenshot (32prg See all phalus + Audio X Edit & Create Share O 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. Also, Business Solutions does not use reversing entries and therefore, all revenue and expense accounts have zero beginning balances as of January 1, 2018 Its transactions for January through March follow payable that were accrued in the prior year. 5 Santana Rey invested an additional 523,700 cash in the company. 7 The company purchased $5,900 of merchandise from Kansas Corp. with terns of 1/10, n/30, FOB shipping point, Invoice dated January 7. 9 The company received $2,739 cash tron Gomez Co. as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. and billed it $5,450, which is the total price of $6,810 less the advance payment of $1,360. The company debited Uncarned Computer Services Revenue for $ 1,360. 13 The company sold merchandise with a retail value of $4,100 and a cost of $3,438 to Liu Corp., Invoice dated January 13. 15 The company paid $628 cash for freight charges on the merchandise purchased on January 7. 16 The company received 54,110 cash from Delta Co. for computer services provided. 17 The company paid Kansas Corp. for the invoice dated January 7, net of the discount. 28 The company gave a price reduction allowance) of $800 to Liu Corp., and credited Liu's accounts receivable for that amount. 22 The company received the balance due from Liu Corp., net of the discount and the allowance. 24 The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was $475. 26 The company purchased $9,988 of merchandise from Kansas Corp. with terms of 1/10, n/30, F08 destination, invoice dated January 26. 26 The company sold merchandise with a $4,480 cost for $5,898 on credit to KC, Inc., invoice dated January 26. 31 The company paid cash to lyn Addie for 10 days work at $155 per day. Feb. 1 The company paid $2,395 cash to Hillside Mall for another three months' rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $476 credit from merchandise returned on January 24. 5 The company paid $440 cash to Facebook for an advertisement to appear on February 5 only. 11 The company received the balance due from Alex's Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew 54,760 cash from the company for personal use. 23 The company sold merchandise with a $2,490 cost for $3,268 on credit to Delta Co., Invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days? work at $155 per day. 27 The company reimbursed Santana Rey $320 for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." Mar. The company purchased $2,748 of computer supplies fron Harris Office Products on credit with terms of n/30, FOR destination, Invoice dated March 8. 9 The company received the balance due from Delta Co. for merchandise sold on February 23. 11 The company paid $850 cash for minor repairs to the company's computer. 16 The company received $5,388 cash fron Dream, Inc., for computing services provided. 19 The company paid the full amount due of $3,860 tu Harris Office Products, consisting of amounts created on December 15 (of $1,120) and March 8. 24 The company billed Easy Leasing for $9,197 of computing services provided. 25 The company sold merchandise with a $2,112 cost for $2,858 on credit to Wildcat Services, invoice dated March 25. 30 The company sold nerchandise with a $1,178 cost for 52,420 on credit to IFM Company, invoice dated March 30. 31 The company reimbursed Santana Rey $168 for business automobile mileage. The company recorded the reimbursement as "Mileage Expense. Type here to search OB LA (2 00 2:00 PM 11/19/2020 Photos - Screenshot (325).png See all phalus + Audio X Edit & Create Share O 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 post the adjusting entries for the end of March. Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Journal Enter the Business Solutions transactions for January through March in a sales journal. SALES JOURNAL Accounts Date Account Debited Receivable Dr. Sales Cr. Jan. 13 Delta Co. X $ 4,100 Jan. 26 IFM Company x 5,890 Feb. 23 KC, Inc. x 3,260 Mar. 25 Liu Corp. x 2,850 Mar. 30 Wildcat Services X 2,420 Cost of Goods Sold Dr. Inventory Cr. $ 3,430 4,460 2,400 2,112 1,170 X Mar. 31 Totals $ 18,520 $ 13,572 Sales Cash Receipts > Type here to search O N - L (? 00 2:00 PM 11/19/2020 Photos - Screenshot (325).png See all phalus + Audio X Edit & Creale Share O 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 post the adjusting entries for the end of March. Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Joumal Enter the Business Solutions transactions for January through March in a cash receipts journal. Date Account Credited Cash Dr. Cost of Goods Sold Dr. Inventory Cr. X X x x % X x x x CASH RECEIPTS JOURNAL Sales Accounts Services Discount Receivable Other Revenue Accts. Cr. Dr. Cr. Cr. x X x X x X x x X X x x x Mar. 31 Totals $ 0 S 0 0 0 0 $ 0 Type here to search O N - L (? + 00 2:12 PM 11/19/2020 Photos - Screenshot (327).png See all phalus + Aud lu X Edit & Create Share O 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 post the adjusting entries for the end of March. Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Journal Enter the Business Solutions transactions for January through March in a purchases journal Date Account Inventory Dr. Computer Supplies Dr. Other Accounts Dr. PURCHASES JOURNAL Accounts Date of Terms Invoice Payable Cr. X x x X X x x X X X x X X Mar. 31 Totals 0 IS 0 $ 0 $ 0 "Red text indicates no response was expected in a call or a formula-based calculation is incorrect; no points deducted. Type here to search o N - L (? + 00 2:13 PM 11/19/2020 Photos - Screenshot 320.png See all phalus + Add to X Edit & Create Share O Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Joumal Enter the Business Solutions transactions for January through March in a cash payments journal. If the transaction does not specify the name of the payee, state "not specified in the Payee column of the cash payments journal. CASH PAYMENTS JOURNAL Account Debited Cash Cr. Date Payee Inventory Cr. Other Accounts Dr. Accounts Payable Dr. Jan. 04 % Wages expense X X X X X x X X X x X X * X X X % X X x X X X x x X X X X x x x % Mar. 31 Totals $ 0 S 0 5 0 IS 0 Type here to search o N (2 4) 2:13 PM 11/19/2020 Photos - Screenshot (329).png See all phalus + Add to X Edit & Create Share O Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Journal Enter the Business Solutions transactions for January through March in a general journal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, 24 and March 24. Do not post the adjusting entries for the end of March. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) No General Journal Credit Date Jan 05 Debit 23,700 1 S. Rey, Capital x 2 2 Jan 11 X X X x * 3 Jan 20 X 4 Jan 24 X X x 5 Mar 24 X x Type here to search ON - L (? + 00 2:13 PM 11/19/2020