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Requlred Informatlon The following information applies to the questions displayed below. Santana Rey created Business Solutions on October 1. 2017. The company has been successful,
Requlred Informatlon The following information applies to the questions displayed below. Santana Rey created Business Solutions on October 1. 2017. 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, 2017. 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. Account Title Debit Credit $48,542 101 Cash 106.1Alex' s Engineering Co 106.2Wildcat Services 106.3Easy Leasing 106.4IFM Co. 106.5Liu Corp 106.6Gomez Co 106.7 Delta Co 106.8KC, Inc 106.9Dream, Inc. 119 Merchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 3, 050 2,768 650 2,043 915 8,140 Accumulated depreciation-Office equipment $ 390 167 Computer equipment 21,900 Accumulated depreciation-Computer equipment 1,110 1,230 700 1,450 75, 878 7,250 168 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 318 Retained earnings 319 Dividends 403 Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer
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