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 $48,542 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Easy Leasing 106.4 IFM Co. 106.5 Liu Corp 106.6 Gomez Co. 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 3,020 2,708 610 1,835 685 8,140 $ 260 16 Computer equipment 20,500 1,180 1,130 201 210 236 301 302 403 413 414 415 502 612 613 623 637 640 Accounts payable Wages payable Uneamed computer services revenue S. Rey, Capital S. Rey, Withdrawals Computer services revenue Sales Sales returns and allowances Sales discounts Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense 1,410 81,440 0 0 20 Liu Corp. retumed $500 of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $230 cost, is discarded. (The policy of Business Solutions is to leave the cost of defective products in cost of goods sold.) 22 The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise. 24 The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice oost, net of the discount, was $496 26 The company purchased $9,200 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26 26 The company sold merchandise with a $4,490 cost for $5,820 on credit to KC, Inc., invoice dated January 26. 31 The company paid cash to Lyn Addie for 10 days' work at $155 per day. Feb. 1 The company paid $2,475 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 amount in the credit memorandum 5 The company paid S580 cash to the local newspaper for an advertising insert in today's paper. 11 The company received the balance due from Alex's Engineering Co. for fees billed on January 11 15 Santana Rey withdrew $4,780 cash from the company for personal use 23 The company sold merchandise with a $2,620 cost for $3,380 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $155 per day. 27 The company reimbursed Santana Rey for business automobile mileage (1,000 miles at $0.32 per mile). Mar. 8 The company purchased $2,900 of computer supplies from Harris Office Products on credit, invoice dated March 8 9 The company received the balance due from Delta Co. for merchandise sold on February 23. 11 The company paid $820 cash for minor repairs to the company's computer. 16 The company received $5,320 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,130) and March 8. 24 The company billed Easy Leasing for $9,107 of computing services provided. 25 The company sold merchandise with a $2,042 cost for $2,910 on credit to Wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,198 cost for $2,400 on credit to IFM Company, invoice dated March 30 31 The company reimbursed Santana Rey for business automobile mileage (1,000 miles at $0.32 per mile) Assume that Santana Rey expands Business Solutions' accounting system to include special journals. Required 2. & 3. Enter the Business Solutions transactions for January through March in a sales journal, a cash receipts journal, a purchases journal, and a cash disbursements joumal or a general journal. If the transaction does not specify the name of the payee, state "not specified" in the Payee column of the cash disbursements jounal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, 24 and March 24. Do not post the adjusting entries for the end of March. Complete this question by entering your answers in the tabs below General Journal Sales Cash Recelpts Purchases Cash Disbmt journal. If the transaction does not specify the name of the payee, state not specified" in the Payee column of the cash disbursements journal. The transactions on the following dates should be journalized in the geneoal: January 5, 11, 20, 24 and March 24. Do not post the adjusting entries for the end of March Complete this question by entering your answers in the tabs below. General ournal Sales Cash Receipts Purchases Cash Disbmt Enter the Business Solutions transactions for January through March in a sales journal SALES JOURNAL Accounts Cost of Goods Date Account Debited Receivable Dr. Sold Dr. Sales Cr. Inventory Cr. Mar. 31 Totals Sales Cash Receipts> journal. If the transaction does not specify the name of the payee, state "not specified" in the Payee column of the cash disbursements journal. The transactions on the following dates should be journalized in the general joumal: January 5, 11, 20, 24 and March 24. Do not post the adjusting entries for the end of March. Complete this question by entering your answers in the tabs below General Journal Sales Cash Receipts Purchases Cash Disbmt Enter the Business Solutions transactions for January through March in a cash receipts journal CASH RECEIPTS JOURNAL vable Revenue Other Cost of Goods Inventory Cr Sales Accounts Services Date Account Credited Cash Dr. Discount Receivable Revenue Dr. Accts. Cr.Sold Dr Cr. Cr. Mar. 31Totals Sales Purchases Screenshot saved Complete this question by entering your answers in the tabs below. SalesCash Receipts Purchases Cash Disbmt General Journal Enter the Business Solutions transactions for January through March in a purchases journal. PURCHASES JOURNAL Terms Accounts InventoryComputer Other Dr. Date Account Accounts Dr Invoice Dr. Mar. 31 Totals Cash Receipts Cash Disbmt > General Journal Sales Cash Receipts PurchasesCash Disbmt Enter the Business Solutions transactions for January through March in a cash disbursements journal. If the transaction does not specify the name of the payee, state "not specified" in the Payee column of the cash disbursements journal. CASH DISBURSEMENTS JOURNAL Accounts Accounts Dr. Payable Dr Other Date Payee Account Debited Cash Cr Inventory Other Cr. Jan. 04 Mar. 31 Totals Purchases General Journal> Sales Cash Receipts PurchasesCash DisbmtGeneral Journal Enter the Business Solutions transactions for January through March in a general journal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, 24 and March 24. Do not post the adjusting entries for the end of March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 4 Record the additional cash investment by Santana Rey. Note: Enter debits before credits. Date General Journal Debit Credit Jan 05 Record entry Clear entry View general journal Journal entry worksheet 2 3 4 5 Record the entry for completion of a five-day project for Alex's Engineering Co. and billing it $5,490, which is the total price of $6,900 less the advance payment of $1,410 Note: Enter debits before credits. Date General Journal Debit Credit Jan 11 Record entry Clear entry View general journal Journal entry worksheet 2 3 4 5 Record the entry for return of defective merchandise which had a sales price of $500 cost. Note: Enter debits before credits Date General Journal Debit Credit Jan 20 Record entry Clear entry View general journal Journal entry worksheet 2 4 5 Record the entry for return of defective merchandise which had a $496 cost. Note: Enter debits before credits. Date General Journal Debit Credit Jan 24 Record entry Clear entry View general journal Sales Cash Receipts Purchases Cash Disbmt Journal Enter the Business Solutions transactions for January through March in a general journal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, 24 and March 24. Do not post the adjusting entries for the end of March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the entry for providing computer services to Easy Leasing for $9,107 Note: Enter debits before credits. Date General Journal Debit Credit Mar 24 Screenshot saved The screenshot was added to your OneDrive. Record entry Clear entry View general journal