Required information The following information applies to the questions displayed below) Santana Rey created Business Solutions on October | 2019. The company has been successful and its list of customers has grown. To eccommodate 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 $45,172 .600 So 1,665 25 0.000 . No. conut Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.) Easy Leasing 15.4 IMCO 106.5 Liu Corp. 10.6 Gone Co 106.7 Deltaco 106.8 KC, Inc. 106.9 Dream, Inc 119 Merchandise inventory 126 Computer supplies 120 Prepaid insurance 11 Prepaid rent 163 office equipant 160 Accumulated depreciation office equipment 167 Computer equipment 16 Accumulated depreciation Computer met 201 Accounts payable 210 Hages payable 236 Unearned computer services revenue 301 S. Hey, Capital 302 5. Rey, withdrawals 402 Computer services revenue 412 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense office equipment 613 Depreciation expense-Computer een 623 Wages expose Insurance expense 660 Rent expense -652 Computer supplies expense 655 Advertising expense 076 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 1.210 -100 637 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 * 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 525,000 cash in the company. 7 The company purchased $5.800 of merchandise from Kansas Corp. with terms of 1/10 3. Po shiping point invoice dated January 7. The company received $7.500 cash from Gomez co, as full payment on its account 11 The company completed a five-day project for Alex's gineering Cond billed it $5,500, whid is the total of $7.000 less the advance payment of $1,500. The company debited Unearned Computer Services Revenue for 31,500 12 The company sold merchandise with a retail value of $5,200 and a cost of $9,50e te Liu Corp. invoice dated Jury 11, 15. The company paid $600 cash for frecht charges on the wrichandise purchased le. 15 The company received $4.000 cash from Deltaco for computer Services provided 17 They at Kanan omework 0 the company's new merchandising activities. Its transactions for January through March follow The company ideath to yn die for five work at the rate of $135 per day. Four of the five day relate to payable that we are in the relor year 3 Santa My Invested in additional 1,000 cash in the company the company purchased $5,000 w write from Corp. With term of 1/10, / Fon this point, invece date may The company received 13. From one cous full went to account 11 The company completed Five-day project for lengineering and 11 It $5,500, which is the total $1,500 price of 17.000 less the advance payment of $1. they debited Whearned computed services tiene for 11 The company sold archandise with retail value of $5,200 and cont of 13,5 tl Corp. Invoice dated January 11, 15 The company paid 500 cash for Freight change the wrchandise purchased on January 16 The company received 14,000 cash from Delta Co for computer services provided 17 The company paid Kansas Corp. for the invoice dated mary of the discount. 20 The company the price reduction Collec) of 500 to come ad edited to accounts receivable for that wount 22 The company received the balance dut from the Corp., w of the discount and the allowance 24 The company returned defective merchandise to na Corp. and accepted a credit sit tuture purchases debited accounts pay. The defective candle invoice cost of the discount 50% 26 The Courchased 5,000 of merchandise Kansas Corp. with terms of 1/10, 71, o destination, invoice dated Janoary 26. 26 The company told merchandise with $4,64 rest for SS, on credit tone, Envelce dated January 26 11 The Company paid cash to Lyn Adds for 10 days work at 935 serify The company pold 9,47 to wilde all for the three months rent indice The company paid Kansas Corp. for the balance dus net of the childiscount ess the $496 credit from 24 5 The company paid 5600 cach to Facebook for advertise to open bar only: any received the balances from let's Tring Co. for fees bidonery 11 Is Santana Ray with $4.000 cash from the company for sale 23 The company told mechandise with $0.660 cost for secret Deltaco molte dated February 22 26 The company paid cash te Lyn Aste for et days work at $125 per day 27 The company reistused Santona Bey $192 for Business but mobile allease. The concany recorded the rembursement Mars The company purchased $2,710 of computer sults from office Productes credit with terms of w3, Fos destination invite dated: March 8 9 The company received the balance de from Delta o for rchandise solid on February 23. 11 The company paid $950 call for repairs to the company computer 16. The company received $5.260 cash from Dream, Inc for computine service provided 19 The company paid the full of 3,00 to His Ofice Products consisting of onts created on December 15 of 53.100) and March 24 The company billed as wsing for 59,042 of computing services provided 25 The company sold merchandise with $7,002 cost for $2.500 on credit to Wildcat Services, Invoke tated March 25 30 The company sold merchandise with $1,0 cost for 17,220 credit to In Company, invoice dated murch so The company reimbursed Santana Rey 5128 for business automobile. The company recorded the resort atile pe 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 52005 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 5125 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 $1.250 f. Depreciation on the office equipment for January through March 31 is $400 9. The March 31 amount of merchandise inventory still available totals $704 5. Prepare a statement of owner's equity from the adjusted trial balance in part 3) for the three months ended March 31, 2020 BUSINESS SOLUTIONS State of Owners Equity For The Month Ended March 200 S Rey Call Dec 31, 2019 Required information The following information applies to the questions displayed below) Santana Rey created Business Solutions on October | 2019. The company has been successful and its list of customers has grown. To eccommodate 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 $45,172 .600 So 1,665 25 0.000 . No. conut Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.) Easy Leasing 15.4 IMCO 106.5 Liu Corp. 10.6 Gone Co 106.7 Deltaco 106.8 KC, Inc. 106.9 Dream, Inc 119 Merchandise inventory 126 Computer supplies 120 Prepaid insurance 11 Prepaid rent 163 office equipant 160 Accumulated depreciation office equipment 167 Computer equipment 16 Accumulated depreciation Computer met 201 Accounts payable 210 Hages payable 236 Unearned computer services revenue 301 S. Hey, Capital 302 5. Rey, withdrawals 402 Computer services revenue 412 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense office equipment 613 Depreciation expense-Computer een 623 Wages expose Insurance expense 660 Rent expense -652 Computer supplies expense 655 Advertising expense 076 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 1.210 -100 637 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 * 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 525,000 cash in the company. 7 The company purchased $5.800 of merchandise from Kansas Corp. with terms of 1/10 3. Po shiping point invoice dated January 7. The company received $7.500 cash from Gomez co, as full payment on its account 11 The company completed a five-day project for Alex's gineering Cond billed it $5,500, whid is the total of $7.000 less the advance payment of $1,500. The company debited Unearned Computer Services Revenue for 31,500 12 The company sold merchandise with a retail value of $5,200 and a cost of $9,50e te Liu Corp. invoice dated Jury 11, 15. The company paid $600 cash for frecht charges on the wrichandise purchased le. 15 The company received $4.000 cash from Deltaco for computer Services provided 17 They at Kanan omework 0 the company's new merchandising activities. Its transactions for January through March follow The company ideath to yn die for five work at the rate of $135 per day. Four of the five day relate to payable that we are in the relor year 3 Santa My Invested in additional 1,000 cash in the company the company purchased $5,000 w write from Corp. With term of 1/10, / Fon this point, invece date may The company received 13. From one cous full went to account 11 The company completed Five-day project for lengineering and 11 It $5,500, which is the total $1,500 price of 17.000 less the advance payment of $1. they debited Whearned computed services tiene for 11 The company sold archandise with retail value of $5,200 and cont of 13,5 tl Corp. Invoice dated January 11, 15 The company paid 500 cash for Freight change the wrchandise purchased on January 16 The company received 14,000 cash from Delta Co for computer services provided 17 The company paid Kansas Corp. for the invoice dated mary of the discount. 20 The company the price reduction Collec) of 500 to come ad edited to accounts receivable for that wount 22 The company received the balance dut from the Corp., w of the discount and the allowance 24 The company returned defective merchandise to na Corp. and accepted a credit sit tuture purchases debited accounts pay. The defective candle invoice cost of the discount 50% 26 The Courchased 5,000 of merchandise Kansas Corp. with terms of 1/10, 71, o destination, invoice dated Janoary 26. 26 The company told merchandise with $4,64 rest for SS, on credit tone, Envelce dated January 26 11 The Company paid cash to Lyn Adds for 10 days work at 935 serify The company pold 9,47 to wilde all for the three months rent indice The company paid Kansas Corp. for the balance dus net of the childiscount ess the $496 credit from 24 5 The company paid 5600 cach to Facebook for advertise to open bar only: any received the balances from let's Tring Co. for fees bidonery 11 Is Santana Ray with $4.000 cash from the company for sale 23 The company told mechandise with $0.660 cost for secret Deltaco molte dated February 22 26 The company paid cash te Lyn Aste for et days work at $125 per day 27 The company reistused Santona Bey $192 for Business but mobile allease. The concany recorded the rembursement Mars The company purchased $2,710 of computer sults from office Productes credit with terms of w3, Fos destination invite dated: March 8 9 The company received the balance de from Delta o for rchandise solid on February 23. 11 The company paid $950 call for repairs to the company computer 16. The company received $5.260 cash from Dream, Inc for computine service provided 19 The company paid the full of 3,00 to His Ofice Products consisting of onts created on December 15 of 53.100) and March 24 The company billed as wsing for 59,042 of computing services provided 25 The company sold merchandise with $7,002 cost for $2.500 on credit to Wildcat Services, Invoke tated March 25 30 The company sold merchandise with $1,0 cost for 17,220 credit to In Company, invoice dated murch so The company reimbursed Santana Rey 5128 for business automobile. The company recorded the resort atile pe 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 52005 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 5125 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 $1.250 f. Depreciation on the office equipment for January through March 31 is $400 9. The March 31 amount of merchandise inventory still available totals $704 5. Prepare a statement of owner's equity from the adjusted trial balance in part 3) for the three months ended March 31, 2020 BUSINESS SOLUTIONS State of Owners Equity For The Month Ended March 200 S Rey Call Dec 31, 2019