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 $48,412 Credit @ 3,100 2,778 @ 620 1,988 915 8,830 $ 400 No Account Title lei Cash 106.1 Alex's Engineering Co. 186.2 Wildcat Services 106.3 Easy Leasing 106.4 IFM Co. 186.5 Liu Corp. 106.6 Gomez co. 106.7 Delta co 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 125 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation Office equipment 162 Computer equipment 168 Accumulated depreciation Computer equipment 201 Accounts payable wages payable 236 Unearned computer services revenue 301 5. Rey, Capital 382 5. Rey, withdrawals Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts S02 cost of goods sold 612 Depreciation expense office equipment 613 Depreciation expense Computer equipment Wages expense 20,988 1.08 11119 zeo 1.450 81,023 e 523 637 4e 16512 655 676 677 684 Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense Computer @ 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. an 4 The company paid cash to Lyn Addie for five days' work at the rate of $175 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23, 4ee cash in the company. 7 The company purchased $5,989 of merchandise from Kansas Corp. with terms of 1/10, 1/30, FOB shipping point, invoice dated January 7. 9 The company received $2,778 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 $5,448, which is the total price of $6,898 less the advance payment of $1,458. The company debited Unearned computer Services Revenue for $1,450. 13 The company sold merchandise with a retail value of $4,100 and a cost of $3,480 to Ciu Corp. invoice dated January 13. 15 The company paid $678 cash for freight charges on the merchandise purchased on January 7 16 The company received $4,190 cash from Delta Co. for computer services provided 1 The company paid Kansas Corp. for the invoice dated January 7, net of the discount. 20 The company gave a price reduction callowance) of 55ce 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 Kaasas Corp. and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was $496. 25 The company purchased 39,tee of merchandise from Kansas Corp. with terms of 1/1e, n/30, FOB destination, Envoice dated Jantary 26. 26 The company sold merchandise with a 14, 60 cost for $5,838 on credit to KC, Inc., invoice dated January 26. 31 the company paid cash to Lyn Addie fon 10 days workeat $175 per day The company paid $2,745 cash to Hillside Mall for another three months rent in advance. The company paid Kansas Corp. for the balance due, net of the cash discount, less the $496 credit from merchandise returned on January 24 5 The company paid $510 cash to Facebook for an advertisement to appear on February 5 only. 11 The company received the balance duero Alex lacering for fees billed on January 11 15 Santana itey withdrew $4, cash from the company for personal use 21 the company sold merchandise with a $2.50 cost for 250 on credit to Delta co. invoicested Tebruary 23. 11 The company received the balance due from Alex's Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew $4,770 cash from the company for personal use. 23 The company sold merchandise with a $2,530 cost for $3,250 on credit to Delta Co., Invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $175 per day. 27 The company reimbursed Santana Rey $168 for business automobile mileage. The company recorded the reimbursement as Mileage Expense Mar. 8 The company purchased $2,820 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 $960 cash for minor repairs to the company's computer. 16 The company received $5,330 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $3,93e to Harris Office Products, consisting of amounts created on December 15 (of $1,110) and March 8. 24 The company billed Easy Leasing for $9, 247 of computing services provided. 25 The company sold merchandise with a $2,152 cost for $2,888 on credit to Wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,188 cost for $2,418 on credit to IFM Company, invoice dated March 20 31 The company reimbursed Santana Rey $224 for business automobile mileage. The company recorded the reimbursement as "Mileage Expense. The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation 0. The March 31 amount of computer supplies still available totals $2.045, b. Prepaid Insurance coverage of $636 expired during this 3-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $175 per day. d. Prepaid rent of $2.745 expired during this 3-month period. c. Depreciation on the computer equipment for January 1 through March 31 is $1.080. 1. Depreciation on the office equipment for January 1 through March 31 is $400. 9. The March 31 amount of merchandise inventory still available totals $584. Required: 1. Prepare journal entries to record esch of the January through March transactions Viransaction lit 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 $48,412 Credit @ 3,100 2,778 @ 620 1,988 915 8,830 $ 400 No Account Title lei Cash 106.1 Alex's Engineering Co. 186.2 Wildcat Services 106.3 Easy Leasing 106.4 IFM Co. 186.5 Liu Corp. 106.6 Gomez co. 106.7 Delta co 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 125 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation Office equipment 162 Computer equipment 168 Accumulated depreciation Computer equipment 201 Accounts payable wages payable 236 Unearned computer services revenue 301 5. Rey, Capital 382 5. Rey, withdrawals Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts S02 cost of goods sold 612 Depreciation expense office equipment 613 Depreciation expense Computer equipment Wages expense 20,988 1.08 11119 zeo 1.450 81,023 e 523 637 4e 16512 655 676 677 684 Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense Computer @ 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. an 4 The company paid cash to Lyn Addie for five days' work at the rate of $175 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23, 4ee cash in the company. 7 The company purchased $5,989 of merchandise from Kansas Corp. with terms of 1/10, 1/30, FOB shipping point, invoice dated January 7. 9 The company received $2,778 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 $5,448, which is the total price of $6,898 less the advance payment of $1,458. The company debited Unearned computer Services Revenue for $1,450. 13 The company sold merchandise with a retail value of $4,100 and a cost of $3,480 to Ciu Corp. invoice dated January 13. 15 The company paid $678 cash for freight charges on the merchandise purchased on January 7 16 The company received $4,190 cash from Delta Co. for computer services provided 1 The company paid Kansas Corp. for the invoice dated January 7, net of the discount. 20 The company gave a price reduction callowance) of 55ce 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 Kaasas Corp. and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was $496. 25 The company purchased 39,tee of merchandise from Kansas Corp. with terms of 1/1e, n/30, FOB destination, Envoice dated Jantary 26. 26 The company sold merchandise with a 14, 60 cost for $5,838 on credit to KC, Inc., invoice dated January 26. 31 the company paid cash to Lyn Addie fon 10 days workeat $175 per day The company paid $2,745 cash to Hillside Mall for another three months rent in advance. The company paid Kansas Corp. for the balance due, net of the cash discount, less the $496 credit from merchandise returned on January 24 5 The company paid $510 cash to Facebook for an advertisement to appear on February 5 only. 11 The company received the balance duero Alex lacering for fees billed on January 11 15 Santana itey withdrew $4, cash from the company for personal use 21 the company sold merchandise with a $2.50 cost for 250 on credit to Delta co. invoicested Tebruary 23. 11 The company received the balance due from Alex's Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew $4,770 cash from the company for personal use. 23 The company sold merchandise with a $2,530 cost for $3,250 on credit to Delta Co., Invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $175 per day. 27 The company reimbursed Santana Rey $168 for business automobile mileage. The company recorded the reimbursement as Mileage Expense Mar. 8 The company purchased $2,820 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 $960 cash for minor repairs to the company's computer. 16 The company received $5,330 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $3,93e to Harris Office Products, consisting of amounts created on December 15 (of $1,110) and March 8. 24 The company billed Easy Leasing for $9, 247 of computing services provided. 25 The company sold merchandise with a $2,152 cost for $2,888 on credit to Wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,188 cost for $2,418 on credit to IFM Company, invoice dated March 20 31 The company reimbursed Santana Rey $224 for business automobile mileage. The company recorded the reimbursement as "Mileage Expense. The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation 0. The March 31 amount of computer supplies still available totals $2.045, b. Prepaid Insurance coverage of $636 expired during this 3-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $175 per day. d. Prepaid rent of $2.745 expired during this 3-month period. c. Depreciation on the computer equipment for January 1 through March 31 is $1.080. 1. Depreciation on the office equipment for January 1 through March 31 is $400. 9. The March 31 amount of merchandise inventory still available totals $584. Required: 1. Prepare journal entries to record esch of the January through March transactions Viransaction lit