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. No. Account Title Debit Credit 101 Cash 106.1 Alex's Engineering Co. $48, 442 106.2 Wildcat Services @ 106.3 Easy Leasing 0 106.4 IFM Co. 3,170 106.5 Liu Corp. 0 106.6 Gomez Co. 2,688 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc. 0 119 Merchandise inventory 126 Computer supplies 620 128 Prepaid insurance 1,735 131 Prepaid rent 715 163 office equipment 8,070 164 Accumulated depreciation office equipment $ 250 167 Computer equipment 20,500 168 Accumulated depreciation Computer equipment 1,150 201 Accounts payable 1,260 210 Wages payable 860 236 Unearned computer services revenue 1,500 301 5. Rey, Capital 80,920 302 5. Rey, Withdrawals 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 equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 romouter sunnlenense OOOOOOO 652 655 676 677 684 en Cape Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer 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. Also, Business Solutions does not use reversing entries and therefore, all revenue and expense accounts have zero beginning balances as of January 1, 2018. Its transactions for January through March follow: Jan. 4 The company paid cash to Lyn Addie for five days' work at the rate of $215 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $24,500 cash in the company. 7 The company purchased $7,200 of merchandise from Kansas Corp. with terms of 1/10, 1/30, FOB shipping point, invoice dated January 7. 9 The company received $2,688 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 $5,460, which is the total price of 56,960 less the advance payment of $1,500. The company debited Unearned Computer Services Revenue for $ 13 The company sold merchandise with a retail value of $4,200 and a cost of $3,538 to Liu 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 $4,050 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 $600 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 $476. 26 The company purchased 59,480 of merchandise from Kansas Corp. with terms of 1/10, 1/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,63e cost for $5,870 on credit to KC, Inc., invoice dated January 26. 31 The company paid cash to Lyn Addie for 10 days' work at $215 per day. Feb. 1 The company paid $2,295 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 $476 credit from merchandise returned on January 24. 5 The company paid $410 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 Santana Raw with 14 620 each from the many tornarinnar Feb. 31 The company paid cash to Lyn Addie for 10 days' work at $215 per day. 1 The company paid $2,295 cash to Hillside Malt for another three months' rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $476 credit from 5 The company paid $410 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. 23 The company sold merchandise with a $2,640 cost for $3,360 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $215 per day. 27 The company reimbursed Santana Rey $320 for business automobile mileage. The company recorded the reimbursement 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 $818 cash for minor repairs to the company's computer. 16 The company received $5,280 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $4,830 to Harris office Products, consisting of amounts created on December 15 (of $1,260) and March 8. 24 The company billed Easy Leasing for $9,157 of computing services provided. 25 The company sold merchandise with a $2,152 cost for $2,960 on credit to Wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,178 cost for $2,278 on credit to IFM Company, invoice dated March 30. 31 The company reimbursed Santana Rey $168 for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." Assume that Santana Rey expands Business Solutions' system to include special journals. Required: 2. & 3. Enter the Business Solutions transactions for January through March in a sales journal, cash receipts journal, purchases journal, and cash payments journal or general journal. If the transaction does not specify the name of the payee state "not specified in the Payee column of the cash payments journal. The transactions on the following dates should be journalized in the general journal: January 5, 11, 20, and 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. Sales Cash Receipts Purchases Cash Payments General Journal Complete this question by entering your answers in the tabs below. Sales Cash Receipts Cash Purchases General Payments Journal Enter the Business Solutions transactions for January through March in a cash payments journal. If the transaction does not specify the name of the payee, state not specified in the Payee column of the cash payments journal. CASH PAYMENTS JOURNAL Date Payee Account Debited Cash Cr. Inventory Other Accounts Accounts Cr. Dr. Payable Dr. Jan 04 Lyn Addie Wages expense $ 1,075 $ 215 Wages payable 860 Jan 15 Not Specified Merchandise inventory 600 600 Jan 17 Kansas Corp Kansas Corp 7.128 $ 72 $ 7.200 Jan 31 Lyn Addie Wages expense 21501 2,150 Feb 01 Hillside Mall Prepaid rent 2.295 2.295 Feb. 03 Kansas Corp Kansas Corp 8.911 94 9.005 Feb. 05 Not Specified Advertising expense 410 410 Feb. 15 18. Rey Rey, Withdrawals 4,620 4.620 Feb. 26 Lyn Addie Wages expense 1.720 1.720 Feb. 27 Mileage expense 320 320 Mar 11 Not Specified Repairs expense 810 810 Mar 19 Hans Office Products Harris Office Products 4030 4,030 Mar. 31 S. Rey Mileage expense 160f 160 Ps. Rey Mar 31 Total 5 34 229 166 $ 14.1605 20.235 Cash General Sales Cash Receipts Purchases Payments Journal Enter the Business Solutions transactions for January through March in a cash payments journal. If the transaction does not specify the payee, state "not specified in the Payee column of the cash payments journal. CASH PAYMENTS JOURNAL Inventory Other Accounts Date Payee Account Debited Cash Cr. Cr. Accounts Dr. Payable Dr. $ $ 1,075 215 860 Jan. 04 Lyn Addie 600 72 7,200 $ 2,150 2,295 9,400 94 Jan. 15 Jan 17 Jan 31 Feb. 01 Feb. 03 Feb. 05 Feb. 15 Feb. 26 Feb. 27 600 7,128 2,150 2,295 9,306 410 4620 1,720 320 Wages expense Wages payable Not Specified Merchandise Inventory Kansas Corp | Kansas Corp Lyn Addie Wages expense Hillside Mall Prepaid rent Kansas Corp Kansas Corp Not Specified Advertising expense S. Rey S. Rey, Withdrawals Lyn Addie Wages expense S. Rey Mileage expense Not Specified Repairs expense Harris Office Products Harris Office Products S. Rey Mileage expense 410 4,620 1,720 320 810 solololol 810 00000 Mar. 11 Mar. 19 Mar 31 4,030 4,030 160 160 $ 34,624 $ 166 $ 14.160 $ 20,630 Mar 31 Totals Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Journal Enter the Business Solutions transactions for January through March in a sales journal. SALES JOURNAL Accounts Cost of Goods Account Debited Receivable Dr. Sold Dr. Inventory Sales Cr. Cr. Date Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Journal Enter the Business Solutions transactions for January through March in a cash receipts journal. CASH RECEIPTS JOURNAL Accounts Sales Cash Dr. Receivable Discount Dr. Services Revenue Cr. Other Accts. Cr. Cost of Goods Sold Dr. Inventory Cr. Date Account Credited Cr. Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Journal Enter the Business Solutions transactions for January through March in a purchases journal. PURCHASES JOURNAL Date Account Date of Invoice Terms Accounts Payable Cr. Inventory Dr. Computer Other Supplies Dr. Accounts Dr. ann Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases fash Payments General Journal Enter the Business Solutions transactions for January through March in a cash payments journal. If the transaction does not speci payee, state "not specified in the Payee column of the cash payments journal. CASH PAYMENTS JOURNAL Cash Cr. Inventory Cr. Account Debited Other Accounts Dr. Accounts Payable Dr. Date Payee 215 Complete this question by entering your answers in the tabs below. Sales Cash Receipts Purchases Cash Payments General Journal Enter the Business Solutions transactions for January through March in a general Journal. The transactions on the following dates should be joumalized 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 View journal entry worksheet No Date General Journal Debit Credit