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 Credit Debit 543,372 0 3,000 0 2,66 0 50 1,665 225 8,000 $ 400 20.000 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 Lia Corp 106.6 Comet Co. 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dres, Inc. 119 Merchandise inventory 126 Computer supplies 128 Prepaid insurance 111 Prepaid rent 163 office equipoent 164 Accumulated depreciation office equipment 162 Computer equipment 168 Accumulated depreciation Computer equipment 201 Accounts payable 210 Waces payable 236 Upearned computer services revenue 301 5. Rey. Capital 302 5. Rey, withdrawal's 40) Computer services revenue 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 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses Repairs expense Computer 1,250 1.100 500 1,500 80.360 0 0 In response to requests from customers. S. Rey will begin selling computer software. The company will extend credit term 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 $125 per day. Four of the five days relate to waces payable that were accrued in the prior year 3 Santana Rey invested an additional $25,000 cash in the company 7 The company purchased $5,000 of merchandise from Kansas Corp. with terms of 1/10, n/30. You shippine point, Invoice dated January 7. 9 The company received $2,66 cash from Gomez co full payent on its account 11 The company completed a five-day project for Alex's Engineering Co, and billed it $5.500, which is the total price of $7,000 less the advance payment of $1,500. The company debited Unearned Computer Services Revenue for $1.500 11 The company sold serchandise with real value of $5,200 and a cost of $1,500 to Liu Corp., inter dated January 13 15 The company paid $600 cash for freight charges on the merchandise purchased on January 7 19 The company received 4.000 ce from Delta fur ter services provided 671 64 scellaneous expenses Repairs expense Computer In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of thon/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 $125 per day. Four of the five days relate to wages payable that were accrued in the prior year 5 Santana Rey Invested an additional $25,000 cash in the company 7 The company purchased $5,0 of merchandise from Kansas Corp. with terms of 1/10, 9/10, To shipping point invoice dated January 7. 9 The company received $2,668 cash froe Gomez Coa full payment on its account 11 The company completed a five-day project for Alex's Engineering to and tiled It $5.5, which is the total price of $7,000 less the advance payment of $1,500. The company debited neared Computer Services revenue for $1,500 13 The company told merchandise with a retail value of 55,200 and a cost of $3,560 totiu Corp. Invoice dated January 13 15 The company paid $600 cash for freight charges on the merchandise purchased on January 7 16 The company received $4,000 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 cave a price reduction allowance) of $500 to lu 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 credit against future purchases debited accounts payable). The defective merchandise invoice cost, net of the discount, was see 26 The company purchased $9,000 of merchandise from Kansas Corp. wth teres of 1710,30, Foe destination invoice dated January 26. 26 The company sold merchandise with a 54,640 cost for $5,500 on credit to Inc., invoice dated January 25. 31 The company paid cash to Lyn Addie for 10 days work at $125 per day Feb. I The company paid $2,475 cash to Hillside all for another three months rent in advance 3. The company poid Kansas Corp. for the balance dut, net of the cash discount, less the 5495 credit from merchandise returned on January 24 5 The company paid $600 cash to Facebook for advertiset tepper on February 5 only. 11 The company received the balance due from Alex's Engineering Co. for fees billed on January 12 15 Santana Rey withdrew $4,800 cash from the company for personal use. 23 The company sold merchandise with a $2,650 cost for $3,220 credit to Deltaco, invoice dated February 23. 26 The company paid cash to Lyn Addit for i dagwort at $125 per day 27 The company reimbursed Santana Rey 5192 for business automobile leape. The company recorded the reimbursement as "Mileage Expense" Mar. 8 The company purchased $2,70 of computer supplies from aristice Products on credit with terms of/, TO destination, invoice dated March 9 The company received the balance due from Delta Ce for merchandise sold on February 23. 11 The company paid $960 cash for minor repairs to the commer 16 The company received 55,260 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $3.83 to Harris office Products, consisting of mount created December 15 (of $1,100) and Rarch . 24 The company billed Easy Leasing for $9,047 of computing services provided 25. The company sold merchandise with $2,102 cast for 12, on credit to Wildcat Services, invece dated March 25 10 The company sold merchandise with a $1,048 cost for 52,220 credit to IFM Cany, nice dated Marche 31 The company reimbursed Santana ley 5128 for business cuttle sleep. 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 6. The March 31 amount of computer supplies still available totals $2.005 b. Prepaid Insurance coverage of $555 expired during this 3-month period c. Lyn Addie has not been paid for seven days of work at the rate of $125 per day d. Prepaid rent of $2.475 expired during this 3-month period. e. Depreciation on the computer equipment for January 1 through March 31 is 51.250 f. Depreciation on the office equipment for January through March 21 is $400 9. The March 31 amount of merchandise inventory still available totals 5704 Required: 1. Prepare Journal entries to record each of the January through March transactions Prey