uI fisceltalieuus expelises

$684$ Repairs expense$-$Computer

In response to requests from customers, Santana Rey will begin selling computer software. The company will

extend credit terms of $\frac{1}{10},\frac{n}{30},$ 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 $$195$ per day. Four of the

five days relate to wages payable that were accrued in the prior year.

January $5$ Santana Rey invested an additional $$23,400$ cash in the company.

January $7$ The company purchased $$6,700$ of

Santana Rey created Business Solutions on October $1,2021.$ 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 $31,2021.$ 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 Receivable account. This change allows the company to continue using the existing chart of accounts.

$\backslash$table$[[$Number$,$Account Title,Debit,Credit$],[101,$Cash,$ $48,502,],[106\mathrm{.}1,$Alex's Engineering Company,$0,],[106\mathrm{.}2,$Wildcat Services,$0,],[106\mathrm{.}3,$Easy Leasing,$0,],[106\mathrm{.}4,$IFM Company,$3,050,],[106\mathrm{.}5,$Liu Corporation,$0,],[106\mathrm{.}6,$Gomez Company,$2,708,],[106\mathrm{.}7,$Delta Company,$0,],[106\mathrm{.}8,$KC$,$ Incorporated,$0,],[106\mathrm{.}9,$Dream, Incorporated,$0,],[119,$Merchandise inventory,$0,],[126,$Computer supplies,$700,],[128,$Prepaid insurance,$1,908,],[131,$Prepaid rent,$875,],[163,$Office equipment,$8,180,],[164,$Accumulated depreciation$-$Office equipment,,$ $320],[167,$Computer equipment,$20,100,],[168,$Accumulated depreciation$-$Computer equipment,,$1,060],[201,$Accounts payable,,$1,270],[210,$Wages payable,,$780],[236,$Unearned computer services revenue,,$1,440],[301,$Santana Rey, Capital,,$81,153],[302,$Santana Rey, Withdrawals,$0,],[403,$Computer services revenue,,$0],[413,$Sales,,a$],[414,$Sales returns and allowances,$0,],[415,$Sales discounts,$0,],[502,$Cost of goods sold,$0,],[612,$Depreciation expense$-$Office equipment,$0,],[613,$Depreciation expense$-$Computer equipment,$0,],[623,$Wages expense,$0,],[637,$Insurance expense,$0,],[640,$Rent expense,$0,],[652,$Computer supplies expense,$0,],[655,$Advertising expense,$0,],[676,$Mileage expense,$0,],[677,$Miscellaneous expenses,$0,],[684,$Repairs expense$-$Computer,$0,]]$

In response to requests from customers, Santana Rey will begin selling computer software. The company will extend credit terms of $\frac{1}{10},\frac{n}{30},$ 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.

The December $31,2021,$ adjusted trial balance of Business Solutions $($reflecting its transactions from October through December of $2021)$ follows.

$20$ points

$\backslash$table$[[$Number$,$Account Title,Debit,Credit$],[101,$Cash,$ $51,446,],[106,$Accounts receivable,$5,168,],[126,$Computer supplies,$670,],[128,$Prepaid insurance,$1,485,],[131,$Prepaid rent,$760,],[163,$Office equipment,$8,300,],[164,$Accumulated depreciation$-$Office equipment,,$ $415],[167,$Computer equipment,$21,200,],[168,$Accumulated depreciation$-$Computer equipment,,$1,325],[201,$Accounts payable,,$1,300],[210,$Wages payable,,$420],[236,$Unearned computer services revenue,,$1,700],[301,$S$.$ Rey, Capital,,$69,000],[302,$S$.$ Rey, Withdrawals,$7,400,],[403,$Computer services revenue,,$38,299],[612,$Depreciation expense$-$Office equipment,$415,],[613,$Depreciation expense$-$Computer equipment,$1,325,],[623,$Wages expense invoice dated March $25.$

March $30$ The company sold merchandise with a $$1,058$ cost for $$2,270$ on credit to IFM Company, invoice

dated March $30.$

Part $1$ of $6$

points

a$.$ The March $31$ amount of computer supplies still available totals $$2,095.$

b$.$ Prepaid Insurance coverage of $$636$ expired during this three$-$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 $$2,625$ expired during this three$-$month period.

e$.$