Prepare journal entries to record each of the January through March transactions

1. The company paid cash to Lyn Addie for five days work at the rate of $235 per day. Four of the five days relate to wages payable that were accrued in the prior year.

2. Santana Rey invested an additional $23,100 cash in the company in exchange for more common stock.

3. The company purchased $6,700 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7.

4. The company received $2,848 cash from Gomez Co. as full payment on its account.

5. The company completed a five-day project for Alexs Engineering Co. and billed it $5,320, which is the total price of $6,720 less the advance payment of $1,400. The company debited Unearned Computer Services Revenue for $1,400.

6. The company sold merchandise with a retail value of $4,100 and a cost of $3,520 to Liu Corp., invoice dated January 13.

7. Record the cost of January 13 sale.

8. The company paid $600 cash for freight charges on the merchandise purchased on January 7.

9. The company received $4,110 cash from Delta Co. for computer services provided.

10. The company paid Kansas Corp. for the invoice dated January 7, net of the discount.

11. The company gave a price reduction (allowance) of $700 to Liu Corp., and credited Liu's accounts receivable for that amount. 12. The company received the balance due from Liu Corp., net of the discount and the allowance. 13. The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $486.

14. The company purchased $9,900 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26.

15. The company sold merchandise with a $4,6000 cost for $5,830 on credit to KC, Inc., invoice dated January 26.

16. Record the cost of January 26 sale.

17. The company paid cash to Lyn Addie for 10 days work at $215 per day.

18. The company paid $2,625 cash to Hillside Mall for another three months rent in advance.

19. The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 credit from merchandise returned on January 24. 20. The company paid $410 cash to the local newspaper for an advertising insert in todays paper on Feb 5.

21. The company received the balance due from Alexs Engineering Co. for fees billed on January 11.

22. The company paid $4,650 cash for dividends.

23. The company sold merchandise with a $2,520 cost for $3,300 on credit to Delta Co., invoice dated February 23.

24. Record the cost of February 23 sale.

25. The company paid cash to Lyn Addie for eight days work at $235 per day.

26. The company reimbursed Santana Rey $128 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." 27. The company purchased $2,750 of computer supplies from Harris Office Products on credit, invoice dated March 8.

28. The company received the balance due from Delta Co. for merchandise sold on February 23.

29. The company paid $920 cash for minor repairs to the companys computer.

30. The company received $5,330 cash from Dream, Inc., for computing services provided.

31. The company paid the full amount due of $4020 to Harris Office Products, consisting of amounts created on December 15 (of $1,270) and March 8.

32. The company billed Easy Leasing for $9,177 of computing services provided.

33. The company sold merchandise with a $2,042 cost for $2,940 on credit to Wildcat Services, invoice dated March 25.

34. Record the cost of March 25 sale.

35. The company sold merchandise with a $1,148 cost for $2,360 on credit to IFM Company, invoice dated March 30.

36. Record the cost of March 30 sale.

37. The company reimbursed Santana Rey $128 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense."