[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 been used for the single Accounts Receivable account. This a founge decimal point to the 106 account number that had chart of accounts. n 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 yodded 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 at the rate of 5195 per day. Four of the five days relate to wages payable that were accrued in the prlor year. 5 Santane Rey invested an additional $24,300cash in the company in exchange for more comeon stock. 7 The company purchased $7,600 of merchandise from Kansas Corp. With termu of 1/10, n/30, Pon shipping point, Invoice dated January 7. 9 the company received $2,788 cash from coeez co. as ful1 payment on its account. 11 The company conpleted a five-day project for Alex's Engineering Co. and billed it 55,330 , which is the total price of $6,650 less the advance payment of $1,320. The company debited Unearned Conputer 13 The coepany nold merchandise with a retail value of 54,800 and a cost of $3,420 to fir corp., involce dated January 13 . 15 The conpany paid $740 canh for freight charges on the merchandise purchased on January 7. 16 The company received $4,150 canh from delta co. for computer services provided. 17 The company paid Kansan Corp. for the involee dated January 7 , net of the discount, 20 The company gave a price reduction (allowance) of 5700 to tiu Corp., and oredited tid ' accounta receivable for that atrount. 16 The company received $4,150 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 $700 to Liu Corp., and eredited Liu's accounts receivable for that amount. 22 The company received the balance due froa 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 involce cost, net of the discount, was $476. 26 The company purchased $9,000 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,550 cost for $5,940 on credit to Kc, Inc., invoice dated January 26 . 31 The company paid cash to Lyn Addie for 10 days' work at $195 per day. Feb. 1 The company paid $2,475 cash to Hillaide 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 $470 cash to Facebook for an advertisenent 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 The company paid a $4,760 cash dividend. 23 The company sold merchandise with a $2,530 cost for $3,350 on credit to Delta Co., involce dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $195 per day. 27 The company reimbursed Santana Rey $128 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." Mar. 8 The company purchased $2,820 of computer supplies from Harris office Products on eredit with terms of n/30, FOB destination, invoice dated March 8 . 9. The company received the balance due from Delta Co. for merehandise sold on February 23. 11 The company paid $950 cash for minor repairs to the company's computer. 16 The company received $5,430 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $4,050 to Harris office Products, consisting of amounts. created on December 15 (of $1,230) and March 8 . 24 The company billed Easy Leasing for $9,147 of computing services provided. 25 The company sold merchandise with a $2,052 cost for $2,950 on credit to wildcat Services, invoice dated March 25. 30 The company soid merchandise with a $1,178 cost for $2,380, on eredit to IFM Company, invoice dated March 30. 31 The company reimbursed Santana Rey $16 t cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." The following additional facts are avallable for preparing adjustments on March 31 prior to financial statement preparation: a. The March 31 amount of computer supplies still available totals $2,035. b. Prepaid Insurance coverage of $627 expired during this 3 -month period. c. Lyn Addie has not been paid for seven days of work at the rate of $195 per day. d. Prepaid rent of $2,475 expired durina this 3-month period. g. The March 31 amount of merchandise inventory still available totals $504. Part 2 2. Post the journal entries in part 1 to the accounts in the company's general ledger. Note, Begin with the ledger's post-closing adjusted balances as of December 31, 2019 . 1. Required information Saved (1) Required information (1) Required information [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 been used for the single Accounts Receivable account. This a founge decimal point to the 106 account number that had chart of accounts. n 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 yodded 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 at the rate of 5195 per day. Four of the five days relate to wages payable that were accrued in the prlor year. 5 Santane Rey invested an additional $24,300cash in the company in exchange for more comeon stock. 7 The company purchased $7,600 of merchandise from Kansas Corp. With termu of 1/10, n/30, Pon shipping point, Invoice dated January 7. 9 the company received $2,788 cash from coeez co. as ful1 payment on its account. 11 The company conpleted a five-day project for Alex's Engineering Co. and billed it 55,330 , which is the total price of $6,650 less the advance payment of $1,320. The company debited Unearned Conputer 13 The coepany nold merchandise with a retail value of 54,800 and a cost of $3,420 to fir corp., involce dated January 13 . 15 The conpany paid $740 canh for freight charges on the merchandise purchased on January 7. 16 The company received $4,150 canh from delta co. for computer services provided. 17 The company paid Kansan Corp. for the involee dated January 7 , net of the discount, 20 The company gave a price reduction (allowance) of 5700 to tiu Corp., and oredited tid ' accounta receivable for that atrount. 16 The company received $4,150 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 $700 to Liu Corp., and eredited Liu's accounts receivable for that amount. 22 The company received the balance due froa 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 involce cost, net of the discount, was $476. 26 The company purchased $9,000 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26. 26 The company sold merchandise with a $4,550 cost for $5,940 on credit to Kc, Inc., invoice dated January 26 . 31 The company paid cash to Lyn Addie for 10 days' work at $195 per day. Feb. 1 The company paid $2,475 cash to Hillaide 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 $470 cash to Facebook for an advertisenent 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 The company paid a $4,760 cash dividend. 23 The company sold merchandise with a $2,530 cost for $3,350 on credit to Delta Co., involce dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $195 per day. 27 The company reimbursed Santana Rey $128 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." Mar. 8 The company purchased $2,820 of computer supplies from Harris office Products on eredit with terms of n/30, FOB destination, invoice dated March 8 . 9. The company received the balance due from Delta Co. for merehandise sold on February 23. 11 The company paid $950 cash for minor repairs to the company's computer. 16 The company received $5,430 cash from Dream, Inc., for computing services provided. 19 The company paid the full amount due of $4,050 to Harris office Products, consisting of amounts. created on December 15 (of $1,230) and March 8 . 24 The company billed Easy Leasing for $9,147 of computing services provided. 25 The company sold merchandise with a $2,052 cost for $2,950 on credit to wildcat Services, invoice dated March 25. 30 The company soid merchandise with a $1,178 cost for $2,380, on eredit to IFM Company, invoice dated March 30. 31 The company reimbursed Santana Rey $16 t cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." The following additional facts are avallable for preparing adjustments on March 31 prior to financial statement preparation: a. The March 31 amount of computer supplies still available totals $2,035. b. Prepaid Insurance coverage of $627 expired during this 3 -month period. c. Lyn Addie has not been paid for seven days of work at the rate of $195 per day. d. Prepaid rent of $2,475 expired durina this 3-month period. g. The March 31 amount of merchandise inventory still available totals $504. Part 2 2. Post the journal entries in part 1 to the accounts in the company's general ledger. Note, Begin with the ledger's post-closing adjusted balances as of December 31, 2019 . 1. Required information Saved (1) Required information (1) Required information