Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customer has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customet. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021 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 Recelvable account. This change allows the company to continue using the existing chart of accounts. un response to requesis rom custorners, s. rey wi degun seung compurer sortware. ine company will extend credit terms 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 (Numbers, 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 January 4 the company paid cash to Lyn Addie for five days' work at the rate of 5145 per day. Four of the five days relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additions1 525 , 600 cash in the company in exchange for more canmon stock. January 7 The coepany purchased 57,300 of merchendise from Kansas Corporation with terms of 1/10, n/30, F06 shipping point, invoice dated Januory 7. January 9 The company received $2,658 cash from Gomez company as full paynent on its account. January 11 The soepany completed a five-day project for Alex's Engineering Company and billed it 55,430 , which is the total price of 56,790 less the advance poyment of 51,360 . The corpany debited Uneacned Computer services Revenue for $1,360. January 13 The company sold merchandise with a retall value of $4,590 and a cost of $3,430 to Liu corporation, involce dated January 13. January 15 The company paid $620 cash for freight charges on the merchandise purchased on january 7. January 16 the company recelved $4,010 cash from oelta Coepany for computer services provided. January 17 the company poid Kansas corporation for the imvolce doted Jamuary 7 , net of the discount. January 20 The company gove a price reduction (allowance) of s400 to tiu corporation ond credited (lu's accounts receivable for that amount. Zanuary 22. The coepany recelved the bolance due fron Llu corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to kansas corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discoont, was 5486. January 26 . The coepany purchased 39,200 of merchandise froe kansas corporat won with terns of 1/10, n/39, f06 destination, Invoice dated January 26. January 26 The coepany sold merchandise with a $4,570 cost for 55,940 on credit to KC, Incorporated, involce dated January 26. January 31 The company paid cash to Lyn Addle for 10 days' work at $145 per day. Fehruary 1 the company pald \$2,775 cash to HIllside Hall for another three months' rent in advance. February 3 the company paid Kansas Corporation for the balance due, net of the cash dircount, less the 5486 credit from merchandise returned on January 24 . rebruary 5 The company paid $560 cash to Facebook for an advertisenent to appear on february 5 only. February 11 the company recelved the balance doe from Alex's engineering company far fees billed on panuary 11. Februacy is the company paid a 54,600 cash dividend. february 23 The company sold merchandise with a $2,550 cost for $3,240 on credit to Delta Congany, involce dated February 23. February 26 the company pald cash to tyn Addle for elght day's' work at $145 per day. February 27 The company reinbursed Santana Rey 3258 cash for business dutonoblle mileage. The company recorded the reimbursenent as "Mileage Expense. March.8. The cospary purchased 52,860 of computer supplies fron Hacris office Products on credit adth terws of n/3e. Foe destination, invoice dated March B. Merch 9 The coepany recelved the balance due fron belta conpany for merchandise sold on February 23. March 11 The company paid s7be cash for ainor repairs to the coopony's computer. March 16 The conpany received 55,390 cash fron Orean, Incorporated, for computing services provided. Horch 19 the cospony pold the full onount due of $4,140 to Hacris office Products, consisting of anounts created on Decenber 15 (of $1,280 ) and March t. March 24 The company billed Easy Leasing for 30,127 of computing services provided. Harch 25 the company sold merchandise with o 32,142 cost for 52,990 on credit to Wildeat services, Inveice dated Mareh 25. March 30 The company sold merchandise with a $1,128 cost for $2,270 on credit to itH company, Invoice dated harch reimbursement as "Mileage Expense. March 8 The company purchased $2,860 of computer supplies from Harris office Products on credit with terms of n/3 Fob destination, invoice dated March 8. March 9 The company received the balance due from Delta Company for merchandise sold on February 23. March 11 The company paid s780 cash for minor repairs to the conpany's computer. March 16 The company received $5,390 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the ful1 amount due of $4,140 to Harris office Products, consisting of amounts created on December 15 (of $1,286 ) and March 8 . March 24 The company billed Easy Leasing for $9,127 of computing services provided. March 25 The company sold merchandise with a $2,142 cost for $2,930 on credit to Wildcat services, invoice dated March 25. March 30 The company sold merchandise with a $1,128 cost for $2,270 on credit to IfM company, invoice dated March 30. March 31 The company reimbursed Santana Rey $96 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. 0. The March 31 amount of computer supplies still available totals $2,185. b. Prepaid Insurance coverage of $699 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $145 per day. d. Prepaid rent of $2,775 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,210. f. Depreciation on the office equipment for January 1 through March 31 is $330 g. The March 31 amount of merchandise inventory still available totals $584. March 24 Dhe coepany billed Fasy teasing fon 59,127 of computing services provided. Harch 25 the company sold wenchandise with an $2,142 cost for 12,930 on credit to bildeat 5 ervices, imvoice dated literch 25 . Harch ad. The coopany sold merchendise aith a $1,12 sost for $7,220 on credit to 17m conpany, Involice Imted harch Mareh 31 The company reimbursed Santana Aey $96 cash for business automobile mleage- The ccepany recorded the refimbor senent at malleoge Expense." The following additiortal facts are available for preparing adjustments on March 31 prior to financial statement preparation. o. The March 3i amount of computer supplies silit available totals $2.195 b. Prepaid Insurance coverage of $699 expired during this three-month pertod c. Lym Addie has not been paid for seven days of work at the rate of 5145 per day, d. Prepaid rent of 52,775 expired during this three.month petiod. e. Depreciation on the computer equipment for January 1 though March 31 is 51,210 1. Depreciation on the office equipment for Jantary 1 through March 31 is $330. 9. The March 31 amount of merchandise inventory stil avollable totals $584. 2. Post the journal entries in part 1 to the accounts in the comparyy's genctal ledger Note. Begin with the ledger's poif-ciosing adjusted balances as of December 31.2021 3. Prepore a 6.column work sheet that includes the unadjusted trial balance, the March 31 adjustments (o) through (g) and the adjusted trial batance Do not prepare closing entries and do not journaize the adjustments or post them to the ledger. Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customer has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customet. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021 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 Recelvable account. This change allows the company to continue using the existing chart of accounts. un response to requesis rom custorners, s. rey wi degun seung compurer sortware. ine company will extend credit terms 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 (Numbers, 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 January 4 the company paid cash to Lyn Addie for five days' work at the rate of 5145 per day. Four of the five days relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additions1 525 , 600 cash in the company in exchange for more canmon stock. January 7 The coepany purchased 57,300 of merchendise from Kansas Corporation with terms of 1/10, n/30, F06 shipping point, invoice dated Januory 7. January 9 The company received $2,658 cash from Gomez company as full paynent on its account. January 11 The soepany completed a five-day project for Alex's Engineering Company and billed it 55,430 , which is the total price of 56,790 less the advance poyment of 51,360 . The corpany debited Uneacned Computer services Revenue for $1,360. January 13 The company sold merchandise with a retall value of $4,590 and a cost of $3,430 to Liu corporation, involce dated January 13. January 15 The company paid $620 cash for freight charges on the merchandise purchased on january 7. January 16 the company recelved $4,010 cash from oelta Coepany for computer services provided. January 17 the company poid Kansas corporation for the imvolce doted Jamuary 7 , net of the discount. January 20 The company gove a price reduction (allowance) of s400 to tiu corporation ond credited (lu's accounts receivable for that amount. Zanuary 22. The coepany recelved the bolance due fron Llu corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to kansas corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discoont, was 5486. January 26 . The coepany purchased 39,200 of merchandise froe kansas corporat won with terns of 1/10, n/39, f06 destination, Invoice dated January 26. January 26 The coepany sold merchandise with a $4,570 cost for 55,940 on credit to KC, Incorporated, involce dated January 26. January 31 The company paid cash to Lyn Addle for 10 days' work at $145 per day. Fehruary 1 the company pald \$2,775 cash to HIllside Hall for another three months' rent in advance. February 3 the company paid Kansas Corporation for the balance due, net of the cash dircount, less the 5486 credit from merchandise returned on January 24 . rebruary 5 The company paid $560 cash to Facebook for an advertisenent to appear on february 5 only. February 11 the company recelved the balance doe from Alex's engineering company far fees billed on panuary 11. Februacy is the company paid a 54,600 cash dividend. february 23 The company sold merchandise with a $2,550 cost for $3,240 on credit to Delta Congany, involce dated February 23. February 26 the company pald cash to tyn Addle for elght day's' work at $145 per day. February 27 The company reinbursed Santana Rey 3258 cash for business dutonoblle mileage. The company recorded the reimbursenent as "Mileage Expense. March.8. The cospary purchased 52,860 of computer supplies fron Hacris office Products on credit adth terws of n/3e. Foe destination, invoice dated March B. Merch 9 The coepany recelved the balance due fron belta conpany for merchandise sold on February 23. March 11 The company paid s7be cash for ainor repairs to the coopony's computer. March 16 The conpany received 55,390 cash fron Orean, Incorporated, for computing services provided. Horch 19 the cospony pold the full onount due of $4,140 to Hacris office Products, consisting of anounts created on Decenber 15 (of $1,280 ) and March t. March 24 The company billed Easy Leasing for 30,127 of computing services provided. Harch 25 the company sold merchandise with o 32,142 cost for 52,990 on credit to Wildeat services, Inveice dated Mareh 25. March 30 The company sold merchandise with a $1,128 cost for $2,270 on credit to itH company, Invoice dated harch reimbursement as "Mileage Expense. March 8 The company purchased $2,860 of computer supplies from Harris office Products on credit with terms of n/3 Fob destination, invoice dated March 8. March 9 The company received the balance due from Delta Company for merchandise sold on February 23. March 11 The company paid s780 cash for minor repairs to the conpany's computer. March 16 The company received $5,390 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the ful1 amount due of $4,140 to Harris office Products, consisting of amounts created on December 15 (of $1,286 ) and March 8 . March 24 The company billed Easy Leasing for $9,127 of computing services provided. March 25 The company sold merchandise with a $2,142 cost for $2,930 on credit to Wildcat services, invoice dated March 25. March 30 The company sold merchandise with a $1,128 cost for $2,270 on credit to IfM company, invoice dated March 30. March 31 The company reimbursed Santana Rey $96 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. 0. The March 31 amount of computer supplies still available totals $2,185. b. Prepaid Insurance coverage of $699 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $145 per day. d. Prepaid rent of $2,775 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,210. f. Depreciation on the office equipment for January 1 through March 31 is $330 g. The March 31 amount of merchandise inventory still available totals $584. March 24 Dhe coepany billed Fasy teasing fon 59,127 of computing services provided. Harch 25 the company sold wenchandise with an $2,142 cost for 12,930 on credit to bildeat 5 ervices, imvoice dated literch 25 . Harch ad. The coopany sold merchendise aith a $1,12 sost for $7,220 on credit to 17m conpany, Involice Imted harch Mareh 31 The company reimbursed Santana Aey $96 cash for business automobile mleage- The ccepany recorded the refimbor senent at malleoge Expense." The following additiortal facts are available for preparing adjustments on March 31 prior to financial statement preparation. o. The March 3i amount of computer supplies silit available totals $2.195 b. Prepaid Insurance coverage of $699 expired during this three-month pertod c. Lym Addie has not been paid for seven days of work at the rate of 5145 per day, d. Prepaid rent of 52,775 expired during this three.month petiod. e. Depreciation on the computer equipment for January 1 though March 31 is 51,210 1. Depreciation on the office equipment for Jantary 1 through March 31 is $330. 9. The March 31 amount of merchandise inventory stil avollable totals $584. 2. Post the journal entries in part 1 to the accounts in the comparyy's genctal ledger Note. Begin with the ledger's poif-ciosing adjusted balances as of December 31.2021 3. Prepore a 6.column work sheet that includes the unadjusted trial balance, the March 31 adjustments (o) through (g) and the adjusted trial batance Do not prepare closing entries and do not journaize the adjustments or post them to the ledger