Please correct the errors. Thank you.

2. Post the journal entries in part 1 to the accounts in the companys general ledger. Note: Begin with the ledgers post-closing adjusted balances as of December 31, 2019.

Required information (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. Debit $48,432 Credit 0 3,120 0 2,878 0 0 0 640 2,097 835 8,100 $ 210 21,900 201 No. Account Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Easy Leasing 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 162 Computer equipment 168 Accumulated depreciation-Computer equipment Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 318 Retained earnings 319 Dividends 403 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 632 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 672 Miscellaneous expenses 684 Repairs expense-Computer 1,240 1,200 900 1,430 74,462 8,560 0 0 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 $225 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $24,200 cash in the company in exchange for more common stock. 7 The company purchased $6,800 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7. 9 The company received $2,878 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 $5,490, which is the total price of $6,920 less the advance payment of $1,430. The company debited Unearned Computer Services Revenue for $1,430. 13 The company sold merchandise with a retail value of $4,800 and a cost of $3,370 to Liu Corp., invoice dated January 13. 15 The company paid $660 cash for freight charges on the merchandise purchased on January 7. 16 The company received $4,030 cash from Delta co. for computer services provided. 17 The company paid Kansas Corp. for the invoice dated January 7, net of the discount. 20 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 $486. 26 The company purchased $9,600 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,530 cost for $5,940 on credit to kc, Inc., invoice dated January 26. 31 The company paid cash to Lyn Addie for 10 days' work at $225 per day. 1 The company paid $2,505 cash to Hillside Mali for another three months' rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 credit from merchandise returned on January 24. 5 The company paid $500 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 The company paid a $4,670 cash dividend. 23 The company sold merchandise with a $2,630 cost for $3,410 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $225 per day. 27 The company reimbursed Santana Rey $288 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." 8 The company purchased $2,780 of computer supplies from Harris Office Products on credit with terms of n/30, FOB 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 $810 cash for minor repairs to the company's computer. 16 The company received $5,380 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $3,980 to Harris Office Products, consisting of amounts created on December 15 (of $1,200) and March 8. 24 The company billed Easy Leasing for $9,127 of computing services provided. 25 The company sold merchandise with a $2,082 cost for $2,900 on credit to Wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,168 cost for $2,350 on credit to IFM Company, invoice dated March 30. 31 The company reimbursed Santana Rey $160 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense. Feb. Mar. The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation: a. The March 31 amount of computer supplies still available totals $2,055. b. Prepaid Insurance coverage of $699 expired during this 3-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $225 per day. d. Prepaid rent of $2,505 expired during this 3-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,240. f. Depreciation on the office equipment for January 1 through March 31 is $210. g. The March 31 amount of merchandise inventory still available totals $504. 2. Post the journal entries in part 1 to the accounts in the company's general ledger. Note: Begin with the ledger's post-closing adjusted balances as of December 31, 2019 101 Cash Credit Date Debit 106.1 Accounts Receivable-Alex's Engineering Co. Date Debit Credit Balance Dec. 31 0 Jan. 11 5.490 5.490 Feb. 11 5.490 0 1.125 ol 24 200 2,878 660 4.030 6.732 > 3.960 Dec. 31 Jan. 04 Jan. 05 Jan. 09 Jan. 15 Jan. 16 Jan. 17 Jan. 22 Jan. 31 Feb. 01 Feb. 03 Feb. 05 Feb. 11 Feb. 15 Feb. 26 Feb. 27 OOOOOOOOOOOOOOOOOOO 2 250 2.505 9.018 500 Balance 48.432 47,307 71,507 74,385 73.725 77,755 71,023 74,983 72.733 70.228 61.210 60.710 66 200 61.530 59,730 59.442 62,652 62.042 5.490 4,670 1.800 288 3.410 1 Mar. 09 Mar. 11 Mar. 16 810 5.380 OL 67 422 Mar. 19 63.442 3.980 160 Mar. 31 63 282 106.2 Accounts Receivable-Wildcat Services Date Debit Credit Balance Dec 31 0 Mar. 25 2.900 106.3 Accounts Receivable-Easy Leasing Date Debit Credit Balance Dec. 31 0 Mar. 24 9,127 9,127 > 2.900 106.4 Accounts Receivable-IFM Co. Debit Credit Date Dec. 31 Mar. 30 Balance 3.120 5.470 106.5 Accounts Receivable-Liu Corporation Date Debit Credit Balance Dec. 31 0 Jan. 13 4.800 4.800 Jan. 20 800 4.000 Jan. 22 4,000 0 2350 pool 106.6 Accounts Receivable-Gomez Co. Debit Credit Balance 2.878 Date Date Dec. 31 Jan. 09 106.7 Accounts Receivable-Delta Co. Debit Credit Balance 0 3,410 3,410 3.410 0 2.878 Dec. 31 Feb. 23 Mar. 09 0 106.8 Accounts Receivable KC, Inc. Debit Credit Date Date 106.9 Accounts Receivable-Dream, Inc. Debit Credit Balance 0 Balance 0 5.940 Dec. 31 Jan. 26 Dec. 31 5,940 119 Merchandise Inventory Debit Credit 126 Computer Supplies Debit Credit Date Balance Date Balance 0 Dec. 31 640 6.800 Mar. 08 2.780 3.420 3,370 660 68 491 Dec. 31 Jan. 07 Jan. 13 Jan. 15 Jan. 17 Jan. 24 Jan. 26 Jan. 26 Feb. 03 Feb. 23 Mar. 25 Mar. 30 OOOOOOOOOOO 9,600 6.800 3.430 4,090 4,022 3,531 13.131 8.601 8,510 5.880 3.798 2.630 4,530 91 x 2.630 2.082 1.168 128 Prepaid Insurance Debit Credit 131 Prepaid Rent Debit Credit Date Date Balance 9.097 x Balance 835 Dec. 31 Dec. 31 Feb. 01 2.505 3,340 163 Office Equipment Debit Credit Date Balance 8.100 164 Accumulated Depreciation Office Equipment Date Debit Credit Balance Dec. 31 210 Dec. 31 167 Computer Equipment Debit Credit Date Balance 21,900 168 Accumulated Depreciation-Computer Equipment Date Debit Credit Balance Dec. 31 1 240 Dec. 31 201 Accounts Payable Debit Credit 210 Wages Payable Debit Credit Date Dec. 31 Jan. 04 Balance 900 6,800 900 0 6,800 Date Dec. 31 Jan. 07 Jan. 17 Jan. 24 Jan. 26 Feb. 03 Mar. 08 Mar. 19 x 491 9.600 OOOOOO Balance 1 200 8.000 1 200 1.691 11 291 20.400 23.180 19,200 x 9.109 2.780 3.980 307 Common Stock Debit Credit 236 Unearned Computer Services Revenue Date Debit Credit Balance Dec. 31 1.430 Jan. 11 1.430 0 Date Dec. 31 Jan. 05 Balance 74,482 98,662 24 200 318 Retained Earnings Debit Credit 319 Dividends Debit Credit Date Date Dec. 31 Balance 8.560 Balance 4,670 Feb. 15 4.670 Date Jan. 11 403 Computer Services Revenue Debit Credit 6.920 413 Sales Debit Credit 4.800 Balance 4.800 Jan. 16 4,030 Balance 6.920 10.950 16,330 25.457 10,740 OOOO Date Jan. 13 Jan. 26 Feb. 23 Mar. 25 Mar. 30 Mar. 16 5,380 9,127 IOIOIOS 5.940 3,410 2.900 2.350 ololololo Mar. 24 14,150 17.050 19,400 Date 414 Sales Returns and Allowances Debit Credit 800 Balance 800 Credit 415 Sales Discounts Debit 40 Date Jan, 22 Balance 40 Jan. 20 612 Depreciation Expense-Office Equipment Date Debit Balance Credit Date Jan. 13 Jan. 26 Feb. 23 Mar. 25 Mar. 30 OOOOO 502 Cost of Goods Sold Debit Credit 3.370 4,530 2.630 2,082 1.168 Balance 3,370 7.900 10.530 12.612 13,780 613 Depreciation Expense-Computer Equipment Date Debit Credit Balance 623 Wages Expense Debit Credit 225 2.250 1.800 Date Jan. 04 Jan. 31 Feb. 26 Balance 225 OO 2.475 4 275 637 Insurance Expense Debit Credit 640 Rent Expense Debit Credit Date Balance Date Balance 652 Computer Supplies Expense Debit Credit Date Balance Date Feb. 05 655 Advertising Expense Debit Credit 500 Balance 500 > 677 Miscellaneous Expenses Debit Credit Date Date Balance 676 Mileage Expense Debit Credit 288 160 Balance 288 Feb. 27 Mar. 31 448 Date Mar. 11 684 Repairs Expense-Computer Debit Credit 810 Balance 810 Red text indicates no response was expected in a celor a formula-based calculation is incorrect; no points deducted