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Santana Rey created Business Solutions on October 1, 2020. The company has been successful, and its list of customers has grown. To accommodate the growth,

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Santana Rey created Business Solutions on October 1, 2020. 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, 2020. 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 $48,392 0 0 0 3,100 0 2,828 0 0 0 0 630 1,935 895 8,030 $ 320 21,100 No. Account Title 101 Cash 106.1 Alex's Engineering co. 106.2 Wildcat Services 106.3 Easy Leasing 106.4 ITX 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 164 Accumulated depreciation office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 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 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 1,230 1,230 500 1,480 73,890 8,260 0 0 0 0 g 0 0 0 OOOOOO Answer is not complete. BUSINESS SOLUTIONS Balance Sheet March 31, 2021 Assets $ Current assets Cash Accounts receivable Merchandise inventory Computer supplies Prepaid insurance Prepaid rent Accounts receivable Total current assets Plant assets 65,042 23,187 554 2,095 1,290 895 93,063 $ 8,030 7,390 Office equipment Accumulated depreciation - Office equipment Computer equipment 640 21,100 Total plant assets Total assets 21,100 28,490 121,553 $ Liabilities Current liabilities $ 875 Wages payable Accounts payable 1,230 X Equity 98.590 19.628 Common stock Retained earnings Uneamed computer services revenue Total equity Total liabilities and equity 118,218 120,323 $ pect Computer equipment 652 655 676 Suzance expense et expense Computer supplies expense Advertisive expense Mileage expense Miscellaneous expenses Repairs expense-computer 684 O In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit ter of 1/10, 1/30, FOB shipping point to all customers who purchase this merchandise. However, no cash discount is availab 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 Jan. 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 Ney invested as ational $24.700 cash is the company in change for more common stock. 7 The company purchased $9.500 of merchandise from anses Corp. with two of 1/10, 1/30, TOB shipping point. Invoice dated January 7. The company received 52,128 cast from one come full payment on its account 11 The company completed a five-day project for Alex's Engineering Co. and billed it 55,420, which is the total price of $6.900 less the advance payment of $1,480. The company debited the red computer Services teves for $1,400. 1) The company pold merchandise with a retail value of $4.500 and a cost of 33,510 to Lo CorpInvoice dated Janary 13 15 The company paid $690 cash for freight charges on the merchandise purchased on January 7 16 The company received 54,170 cash from Delta co. for computer services provided 17 The company paid Kansas Corp. for the invoice dated January 7, set of the discount 20 The company gave a price reduction allowance) of $500 to Liu Corp. and credited Lis' accounts receivable for that sot. 22 The company received the balance due from Lu Corp., set of the discount and the sllowance. 24 The debited ots payable)The defective merchandises voice cost, net of the discount, WAS 26 why the defective merchandise to X Corp. ad accepted it wit futur any purchases $9.500 ofendise SES As with of 1/05/30, Tos 26 the convece ested Jaty 26. Ysold berehandsvis 34.529 coat for 55.890. Ocedit to Cocice dated The. Teb 26. Compay 24. 11 They are ok for an advertit per by only 26. 36. Yo cash dividend 27 NY ashes ther supplies from Bosce Products it with tenso od 920ch for repairs to the popular The The company pola 82.6.ca to side wali for other the mother est in de The company mala Kansas Corp. for the balance due set of the can discount, less the 34credit teo $to Is The co, die 23 pany old marchandise with 52,470 cost for 33,19 os credit to Della Conduced paid cash te tys die for eight days' work at $125 per day the 112 eis tot bussias stomostie asteaza. The company recorded /30, don from Deltaco for merchandise sold bruary 23. bre Inc., for computing evices provided paid the fall out de of 00 Dec 15 11,230 and March 24 h 35 The company of merchandise with $2.712 cost for 12.030 credit to wildet Services, LLC company billed any sine for 09.107 of computing services provided 30 The con le marchandise with $1.095 cost for $2,260 credit to the Company, se date 31 The company bed santana y $192 cash for business case the company record the starts se pense nery 16 The 15 The Received 55,218 Tros. O Barris Office to me lanca de ne obowing adotional facts are available for preparing adjustments on March 31 prior to financial statement preparation

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