Serial Problem Business Solutions LO P1, P2, P3, P4 [The following information applies to the questions displayed below] 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. 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. Its transactions for January through March follow. Jan. 4 The company paid cash to Lyn Addie for five days' work ot the rate of $155 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $24,70c cash in the company in exchange for more common stock. 7 The company purchased $7,000 of merchandise from Kansas Corp. with teras of 1/10,n/30, foB shipping point, invoice dated January 7. 9 The company received $2,878 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 $5,480, which is the total price of $6,810 less the advance payment of $1,330. The company debited Unearned Computer services Revenue for 13 The company sold merchandise with a retall value of $4,460 and a cost of $3,540 to Liu Corp., invoice dated Janiary 13. 25 The company paid $760 cash for freight charges on the merchandise purchased on January 7. 16 The sompany received 54,070 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 \$4e0 to Liu corp., and credited itu's accounts receivable for that anount. 22 The company received the balance due from tiu 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 $9,560 of merchandise fram Kansas Corp. with terms of 1/10,n/30, Fo6 destination, 26. The company sold merchandise with a $4,510 cost for $5,678 on credit to KC, Inc, invoice dated lanuary 26. 31 The company paid cash to tyn Addie for 10 days' work at $155 per day. Feb. 1 The company paid 52,685 cash to Hillside Mall for another three months' rent in advance. 3 The company paid Kansas Corp. for the 5 . The coenpeny peturned on January 24 . 11 The company paid 5410 cash to Facebook for an advertisement to appear on February 5 only. 15 The company received the balance due from 23 the company paid a $4,799 cash dividend. 26: The company paid merchandise with a $2,550 cast for $3,400 on credit to Delta Ca. . Involce dated February 23. 27 The company reid cash to Lyn Addie for eight days' work at $155 per day. reimbursement as mursed Santana Rey $128 cash for business automobile mileage. The company recorded the 27 The company reimbursed Santana Rey $128 cash for business automobile alleage. The conpany recorded the reimbursement as "Hlleage Expense." Mar. B The company purchased $2,77 of computer supplies from Harris offlce Products on credit with terns of n/30, foB destination, invoice dated March 8 . 9. The coepany received the balance due from Delta co. for merchandise sold on february 23 . 11 the company paid 5800 cash for alnor repsirs to the compony's computer. 16 The company received $5,270 cash from Dream, Inc., for conputing services provided, 19 The company paid the full amount due of 53,880 to Harris office Products, consisting of amounts created on Decenber 15 (of $1,110 ) and March 8 . 24 The company billed Easy Leasing for $9,157 of computing services provided. 25 the company sold merchandise with a $2,072 cost for $2,990 on credit to Wildcat Services, invoice dated March 25. 30 The conpany sold merchandise with a 51,098 cost for $2,350 on credit to IFM Conpany, involce dated March 30. 31 The company reimbursed Santana Rey $64 cash for business sutomobile mileage. The coepany recorded the reimbursenent as "Mileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2.005. b. Prepaid insurance coverage of $636 expired during this 3 -month period c. Lyn Addie has not been paid for seven days of work at the rate of $155 per day d. Prepaid rent of $2.685 expired during this 3 month period. e. Deprecintion on the computer equipment for January 1 through March 31 is $1.210. f. Depreciation on the office equipenent for January 1 through March 31 is $270. 9. The March 1 amount of merchandise inventory still avasable totals $664 Required: 1. Prepare journal entries to record each of the January through March transactions. Journal entry worksheet The company paid cash to Lyn Addie for five days' work at the rate of $155 per day. Four of the five days relate to wages payable that were accrued in the prior year. Note: Enter debits before credits. Required: 1. Prepare journal entries to record each of the January through March transactions. Journal entry worksheet 47837 Santana Rey invested an additional $24,700 cash in the company in exchange for more common stock. Note: Enter debits before credits. Required: 1. Prepare journal entries to record each of the January through March transactions. Journal entry worksheet The company purchased $7,000 of merchandise from Kansas Corp. with terms of 1/10,n/30, FOB shipping point, invoice dated January 7. Note: Enter debits before credits. Journal entry worksheet The company received $2,878 cash from Gomez Co. as full payment on its account. Note: Enter debits before credits. Journal entry worksheet 12378. The company completed a five-day project for Alex's Engineering Co. and billed it $5,480, which is the total price of $6,810 less the advance payment of $1,330. The company debited Unearned Computer Services Revenue for $1,330. Journal entry worksheet The company sold merchandise with a retail value of $4,400 and a cost of $3,540 to Liu Corp., invoice dated January 13. Note: Enter debits before credits. Journal entry worksheet