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 fist 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. No. Account Title Debit Credit 101 Cash $48,562 106.1Alex's Engineering Co. 106.2Wildcat Services @ 106.3Easy Leasing @ 106.4IRM CO. 3,160 106.5Liu Corp. @ 106.6Gomez Co. 2,798 106.7Delta Co. e 106.8KC, Inc. e 106.90 rean, Inc. e 119 Merchandise inventory 126 Computer supplies 640 128 Prepaid insurance 2,070 131 Prepaid rent 895 163 Office equipment 8,090 164 Accumulated depreciation- office equipment 5 167 Computer equipent 21,700 168 Accumulated depreciation 1,190 Computer equipment 201 Accounts payable 1,300 210 Wages payable 580 236 Unearned computer services 1,420 revenue 307 Common stock 75,425 318 Retained earnings 7.760 319 Dividends 403 Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts 5e2 Cost of goods sold 612 Depreciation expense-Office equipment Depreciation expense-Computer 613 equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 240 In response to requests from customers. S. Rey will begin selling computer software. The company will extend credit terms of 10, 30, FOS 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 50%) 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 $145 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 $7,100 of merchandise from Kansas Corp. with terms of 1/10, 1/30, FOB shipping point, invoice dated January 7. 9 The company received $2,798 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 $5,47e, which is the total price of $6,890 less the Produceny paid the full amount due of $4.970 to Harris Office The company purchased $7,100 of merchandise from Kansas corp. with terns of 1/10, 1/30, FOB shipping point, invoice dated January 7. 9 The company received $2,798 cash from Gonez Co. as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. and billed it $5,470, which is the total price of $6,890 less the advance payment of $1,42e. The company debited Unearned Computer Services Revenue for $1,420. 13 The company sold merchandise with a retait value of $4,900 and a cost of $3,370 to Liu Corp., invoice dated January 13. 15 The company paid $798 cash for freight charges on the merchandise purchased on January 7. 16 The company received $4,120 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 $496. 26 The company purchased $9.720 of merchandise from Kansas Corp. with terns of 1/10, 1/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,490 cost for $5,938 on credit to KC, Inc. invoice dated January 26. 31 The company paid cash to Lyn Addid for 10 days' work at $145 per day. Feb. 1 The company paid $2,685 cash to Hillside Mall for another three months rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $496 credit fron merchandise returned on January 24. 5 The company paid $540 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 $4,770 cash dividend. 23 The company sold merchandise with a $2,470 cost for $3,420 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $145 per 27 The company reinbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense. Mar. 8 The company purchased $2,770 of computer supplies fron Harris office Products on credit with terns of 1/30, FOB destination, invoice dated 9 The company received the balance due from Delta Co. for merchandise sold on February 23. 11 The conpany paid $790 cash for minor repairs to the company's 16 The company received $5,420 cash from Dream, Inc., for computing services provided 19 The consisting of amounts created on December 15 (of $1,300) and March & 24 The company billed Easy Leasing for $9,077 of computing services provided. 25 The company sold merchandise with $2,102 cost for $2,868 on credit to Wildcat Services, Invoice dated March 25. 30 The company sold merchandise with a $1.078 cost for $2,410 on credit to IFM Company, Invoice dated March 30. 31 The company reimbursed Santana Rey $96 cash for business automobile mileage. The company recorded the reimbursement as "Hileage Expense." The following conal facts are available for preparing atments on March 31 prior to financial alement preparation day- March 8. computer. The Marchamount of computer supplies solvable total $2.365 Prepaid insurance coverage of $600 expired during this month period clyn Addichas not been paid for seven days of work at the rate of $145 per day d. Preparen 52.605 expired during this month period Depreciation computer metforary March 31s Depreciation on the cement for January March 5240 The Marche amount of merchandise inventory total 5664 + nerer Required information 23 The company SOLUTE WALIO , LUSE TU >3,20 CTEULE to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $145 per day. 27 The company reimbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense. Mar. 8 The company purchased $2,770 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 fron Delta Co. for merchandise sold on February 23. 11 The company paid $790 cash for minor repairs to the company's computer. 16 The company received $5,420 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $4,870 to Harris Office Products, consisting of anounts created on December 15 (of $1,300) and March 8. 24 The company billed Easy Leasing for $9,077 of computing services provided. 25 The company sold merchandise with a $2,102 cost for $2,850 on credit to Wildcat Services, Invoice dated March 25. 30 The company sold merchandise with a $1,078 cost for $2,418 on credit to IPM Company, invoice dated March 30. 31 The company reimbursed Santana Rey 596 cash 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 The March 31 amount of computer supplies still available total $2.65 b. Prepaid Insurance coverage of $690 expired during this month period Lyn Addie has not been paid for seven days of work at the rate of $145 per day du Prepaid rent of $2.585 expired during this 3- month period Depreciation on the computer equipment for January 1 through March 31 is SUDO Depreciation on the office equipment for January through March 31s $240 The March 31 amount of merchandise Inventory stable total $684 Required: 1. Prepare journal entries to record each of the January through March transactions View transaction list Journal entry worksheet 2 3 5 > The company paid cash to Lyn Adde for five days' work at the rate of $145 per day. Four of the five days relate to wages payable that were accrued in the prior year Note: Enter debits before credits General Journal Jan 04 Debe Credit Record entry View general journal Clear entry 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 fist 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. No. Account Title Debit Credit 101 Cash $48,562 106.1Alex's Engineering Co. 106.2Wildcat Services @ 106.3Easy Leasing @ 106.4IRM CO. 3,160 106.5Liu Corp. @ 106.6Gomez Co. 2,798 106.7Delta Co. e 106.8KC, Inc. e 106.90 rean, Inc. e 119 Merchandise inventory 126 Computer supplies 640 128 Prepaid insurance 2,070 131 Prepaid rent 895 163 Office equipment 8,090 164 Accumulated depreciation- office equipment 5 167 Computer equipent 21,700 168 Accumulated depreciation 1,190 Computer equipment 201 Accounts payable 1,300 210 Wages payable 580 236 Unearned computer services 1,420 revenue 307 Common stock 75,425 318 Retained earnings 7.760 319 Dividends 403 Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts 5e2 Cost of goods sold 612 Depreciation expense-Office equipment Depreciation expense-Computer 613 equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer 240 In response to requests from customers. S. Rey will begin selling computer software. The company will extend credit terms of 10, 30, FOS 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 50%) 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 $145 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 $7,100 of merchandise from Kansas Corp. with terms of 1/10, 1/30, FOB shipping point, invoice dated January 7. 9 The company received $2,798 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 $5,47e, which is the total price of $6,890 less the Produceny paid the full amount due of $4.970 to Harris Office The company purchased $7,100 of merchandise from Kansas corp. with terns of 1/10, 1/30, FOB shipping point, invoice dated January 7. 9 The company received $2,798 cash from Gonez Co. as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. and billed it $5,470, which is the total price of $6,890 less the advance payment of $1,42e. The company debited Unearned Computer Services Revenue for $1,420. 13 The company sold merchandise with a retait value of $4,900 and a cost of $3,370 to Liu Corp., invoice dated January 13. 15 The company paid $798 cash for freight charges on the merchandise purchased on January 7. 16 The company received $4,120 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 $496. 26 The company purchased $9.720 of merchandise from Kansas Corp. with terns of 1/10, 1/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,490 cost for $5,938 on credit to KC, Inc. invoice dated January 26. 31 The company paid cash to Lyn Addid for 10 days' work at $145 per day. Feb. 1 The company paid $2,685 cash to Hillside Mall for another three months rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $496 credit fron merchandise returned on January 24. 5 The company paid $540 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 $4,770 cash dividend. 23 The company sold merchandise with a $2,470 cost for $3,420 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $145 per 27 The company reinbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense. Mar. 8 The company purchased $2,770 of computer supplies fron Harris office Products on credit with terns of 1/30, FOB destination, invoice dated 9 The company received the balance due from Delta Co. for merchandise sold on February 23. 11 The conpany paid $790 cash for minor repairs to the company's 16 The company received $5,420 cash from Dream, Inc., for computing services provided 19 The consisting of amounts created on December 15 (of $1,300) and March & 24 The company billed Easy Leasing for $9,077 of computing services provided. 25 The company sold merchandise with $2,102 cost for $2,868 on credit to Wildcat Services, Invoice dated March 25. 30 The company sold merchandise with a $1.078 cost for $2,410 on credit to IFM Company, Invoice dated March 30. 31 The company reimbursed Santana Rey $96 cash for business automobile mileage. The company recorded the reimbursement as "Hileage Expense." The following conal facts are available for preparing atments on March 31 prior to financial alement preparation day- March 8. computer. The Marchamount of computer supplies solvable total $2.365 Prepaid insurance coverage of $600 expired during this month period clyn Addichas not been paid for seven days of work at the rate of $145 per day d. Preparen 52.605 expired during this month period Depreciation computer metforary March 31s Depreciation on the cement for January March 5240 The Marche amount of merchandise inventory total 5664 + nerer Required information 23 The company SOLUTE WALIO , LUSE TU >3,20 CTEULE to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $145 per day. 27 The company reimbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense. Mar. 8 The company purchased $2,770 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 fron Delta Co. for merchandise sold on February 23. 11 The company paid $790 cash for minor repairs to the company's computer. 16 The company received $5,420 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $4,870 to Harris Office Products, consisting of anounts created on December 15 (of $1,300) and March 8. 24 The company billed Easy Leasing for $9,077 of computing services provided. 25 The company sold merchandise with a $2,102 cost for $2,850 on credit to Wildcat Services, Invoice dated March 25. 30 The company sold merchandise with a $1,078 cost for $2,418 on credit to IPM Company, invoice dated March 30. 31 The company reimbursed Santana Rey 596 cash 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 The March 31 amount of computer supplies still available total $2.65 b. Prepaid Insurance coverage of $690 expired during this month period Lyn Addie has not been paid for seven days of work at the rate of $145 per day du Prepaid rent of $2.585 expired during this 3- month period Depreciation on the computer equipment for January 1 through March 31 is SUDO Depreciation on the office equipment for January through March 31s $240 The March 31 amount of merchandise Inventory stable total $684 Required: 1. Prepare journal entries to record each of the January through March transactions View transaction list Journal entry worksheet 2 3 5 > The company paid cash to Lyn Adde for five days' work at the rate of $145 per day. Four of the five days relate to wages payable that were accrued in the prior year Note: Enter debits before credits General Journal Jan 04 Debe Credit Record entry View general journal Clear entry