Serial Problem Business Solutions LO P1, P2, P3, P4

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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.

No.Account TitleDebitCredit101Cash$48,532106.1Alex's Engineering Co.0106.2Wildcat Services0106.3Easy Leasing0106.4IFM Co.3,030106.5Liu Corp.0106.6Gomez Co.2,738106.7Delta Co.0106.8KC, Inc.0106.9Dream, Inc.0119Merchandise inventory0126Computer supplies700128Prepaid insurance1,908131Prepaid rent885163Office equipment8,060164Accumulated depreciationOffice equipment$330167Computer equipment21,600168Accumulated depreciationComputer equipment1,170201Accounts payable1,110210Wages payable580236Unearned computer services revenue1,440301S. Rey, Capital82,823302S. Rey, Withdrawals0403Computer services revenue0413Sales0414Sales returns and allowances0415Sales discounts0502Cost of goods sold0612Depreciation expenseOffice equipment0613Depreciation expenseComputer equipment0623Wages expense0637Insurance expense0640Rent expense0652Computer supplies expense0655Advertising expense0676Mileage expense0677Miscellaneous expenses0684Repairs expenseComputer0

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.

4The company paid cash to Lyn Addie for five days' work at the rate of $145 per day. Four of the five days relate to wages payable that were accrued in the prior year.

5Santana Rey invested an additional $23,700 cash in the company.

7The company purchased $6,800 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7.

9The company received $2,738 cash from Gomez Co. as full payment on its account.

11The company completed a five-day project for Alex's Engineering Co. and billed it $5,420, which is the total price of $6,860 less the advance payment of $1,440.

13The company sold merchandise with a retail value of $4,600 and a cost of $3,370 to Liu Corp., invoice dated January 13.

15The company paid $640 cash for freight charges on the merchandise purchased on January 7.

16The company received $4,100 cash from Delta Co. for computer services provided.

17The company paid Kansas Corp. for the invoice dated January 7, net of the discount.

20Liu Corp. returned $500 of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $290 cost, is discarded. (The policy of Business Solutions is to leave the cost of defective products in cost of goods sold.)

22The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise.

24The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $496.

26The company purchased $9,200 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26.

26The company sold merchandise with a $4,540 cost for $5,840 on credit to KC, Inc., invoice dated January 26.

31The company paid cash to Lyn Addie for 10 days' work at $145 per day.

Feb.

1The company paid $2,655 cash to Hillside Mall for another three months' rent in advance.

3The company paid Kansas Corp. for the balance due, net of the cash discount, less the $496 amount in the credit memorandum.

5The company paid $490 cash to the local newspaper for an advertising insert in today's paper.

11The company received the balance due from Alex's Engineering Co. for fees billed on January 11.

15Santana Rey withdrew $4,790 cash from the company for personal use.

23The company sold merchandise with a $2,480 cost for $3,330 on credit to Delta Co., invoice dated February 23.

26The company paid cash to Lyn Addie for eight days' work at $145 per day.

27The company reimbursed Santana Rey for business automobile mileage (1,000 miles at $0.32 per mile).

Mar.

8The company purchased $2,780 of computer supplies from Harris Office Products on credit, invoice dated March 8.

9The company received the balance due from Delta Co. for merchandise sold on February 23.

11The company paid $930 cash for minor repairs to the company's computer.

16The company received $5,330 cash from Dream, Inc., for computing services provided.

19The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,110) and March 8.

24The company billed Easy Leasing for $9,097 of computing services provided.

25The company sold merchandise with a $2,092 cost for $2,980 on credit to Wildcat Services, invoice dated March 25.

30The company sold merchandise with a $1,178 cost for $2,280 on credit to IFM Company, invoice dated March 30.

31The company reimbursed Santana Rey for business automobile mileage (1,200 miles at $0.32 per mile).

The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation:

1. The March 31 amount of computer supplies still available totals $2,185.
2. Three more months have expired since the company purchased its annual insurance policy at a $2,544 cost for 12 months of coverage.
3. Lyn Addie has not been paid for seven days of work at the rate of $145 per day.
4. Three months have passed since any prepaid rent has been transferred to expense. The monthly rent expense is $885.
5. Depreciation on the computer equipment for January 1 through March 31 is $1,170.
6. Depreciation on the office equipment for January 1 through March 31 is $330.
7. The March 31 amount of merchandise inventory still available totals $514.

Hello, I do not know how to do the journal entry for January 4, Jan 5, Jan 20, Jan 22, Jan 24, and feb 3.