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 avallable 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 actlvitles. Its transactions for January through March follow. January 4 The company paid cash to Lyn Addie for five days' work at the rate of \$165 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 $24,10 cash in the company in exchange for more common stock. January 7 The company purchased $7,500 of merchandise from Kansas Corporation with terms of 1/10, n/30, FoB shipping point, invoice dated January 7 . January 9 The company received $2,838 cash from Gomez Company as full payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,480, which is the total price of $6,870 less the advance payment of $1,399. The company debited Unearned Computer Services Revenue for $1,390. January 13 The company sold merchandise with a retail value of $4,200 and a cost of $3,40 to Liu Corporation, invoice dated January 13. January 15 The company paid $610 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,170 cash from Delta Company for computer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7 , net of the discount. January 20 The company gave a price reduction (allowance) of $80 to Liu Corporation and credited Liu's accounts receivable for that amount. January 22 The company received the balance due from Liu 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 discount, was $476. January 26 The company purchased $9,900 of merchandise from Kansas Corporation with terms of 1/1, n/30, FoB destination, invoice dated January 26. January 26 The company sold merchandise with a $4,62 cost for $5,970 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $165 per day. February 1 The company paid \$2,535 cash to Hillside Mall for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance due, net of the cash discount, less the $476 credit from merchandise returned on January 24. February 5 The company paid $460 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance due from Alex's Engineering Company for fees billed on January 11. February 15 The company paid a $4,670 cash dividend. February 23 The company sold merchandise with a $2,57 cost for $3,340 on credit to Delta Company, invoice dated February 23. February 26 The company paid cash to Lyn Addie for eight days' work at \$165 per day. February 27 The company reimbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,880 of computer supplies from Harris office Products on credit with terms of n/30, 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 $769 cash for minor repairs to the company's computer. March 16 The company received \$5,430 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $4, e8e to Harris office Products, consisting of amounts created on December 15 (of $1,200 ) and March 8 . March 24 The company billed Easy Leasing for $9,247 of computing services provided. March 25 The company sold merchandise with a $2,032 cost for $2,910 on credit to wildcat Services, invoice dated March 25. March 30 The company sold merchandise with a $1,118 cost for $2,40 on credit to IFM Company, invoice dated March 36 . March 31 The company reimbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." 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 avallable 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 actlvitles. Its transactions for January through March follow. January 4 The company paid cash to Lyn Addie for five days' work at the rate of \$165 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 $24,10 cash in the company in exchange for more common stock. January 7 The company purchased $7,500 of merchandise from Kansas Corporation with terms of 1/10, n/30, FoB shipping point, invoice dated January 7 . January 9 The company received $2,838 cash from Gomez Company as full payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,480, which is the total price of $6,870 less the advance payment of $1,399. The company debited Unearned Computer Services Revenue for $1,390. January 13 The company sold merchandise with a retail value of $4,200 and a cost of $3,40 to Liu Corporation, invoice dated January 13. January 15 The company paid $610 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,170 cash from Delta Company for computer services provided. January 17 The company paid Kansas Corporation for the invoice dated January 7 , net of the discount. January 20 The company gave a price reduction (allowance) of $80 to Liu Corporation and credited Liu's accounts receivable for that amount. January 22 The company received the balance due from Liu 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 discount, was $476. January 26 The company purchased $9,900 of merchandise from Kansas Corporation with terms of 1/1, n/30, FoB destination, invoice dated January 26. January 26 The company sold merchandise with a $4,62 cost for $5,970 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $165 per day. February 1 The company paid \$2,535 cash to Hillside Mall for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance due, net of the cash discount, less the $476 credit from merchandise returned on January 24. February 5 The company paid $460 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance due from Alex's Engineering Company for fees billed on January 11. February 15 The company paid a $4,670 cash dividend. February 23 The company sold merchandise with a $2,57 cost for $3,340 on credit to Delta Company, invoice dated February 23. February 26 The company paid cash to Lyn Addie for eight days' work at \$165 per day. February 27 The company reimbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,880 of computer supplies from Harris office Products on credit with terms of n/30, 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 $769 cash for minor repairs to the company's computer. March 16 The company received \$5,430 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $4, e8e to Harris office Products, consisting of amounts created on December 15 (of $1,200 ) and March 8 . March 24 The company billed Easy Leasing for $9,247 of computing services provided. March 25 The company sold merchandise with a $2,032 cost for $2,910 on credit to wildcat Services, invoice dated March 25. March 30 The company sold merchandise with a $1,118 cost for $2,40 on credit to IFM Company, invoice dated March 36 . March 31 The company reimbursed Santana Rey $224 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense