File Edit View History Bookmarks Profiles Tab Window Help < > Netflix 118 Inbox (2 x MACC101 X Account X Account X M Question X QuickLa x M Question x M Qu ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.e al Exami 10 Mc Graw Hill Saved Number 101 Cash 106.1 Alex's Engineering Company 106.2 Wildcat Services 106.3 Easy Leasing 106.4 IFM Company 106.5 Liu Corporation Account Title Debit $ 48,472 0 0 0 3,080 0 2,858 0 0 0 0 780 1,855 Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable 106.7 106.6 Gomez Company Delta Company 106.8 KC, Incorporated 106.9 Dream, Incorporated 119 Merchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 167 168 201 210 Wages payable 236 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 413 Sales 414 415 502 Cost of goods sold 612 613 623 Wages expense 637 640 Rent expense 652 655 676 Unearned computer services revenue Computer services revenue Sales returns and allowances Sales discounts Depreciation expense-Office equipment Depreciation expense-Computer equipment Insurance expense Computer supplies expense Advertising expense Mileage expense 755 84010 21,200 0 0 0 Credit $ 380 1,160 1,160 740 1,330 82,240 12.152 < Prev 10 of 15 Next > JUN 26 tv A D me File View Edit History Bookmarks Profiles Tab Window Help <>c Netflix Inbox (2 X MACC101 X Account X Account xM Question X QuickLa x M Question × M Question x C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252... e Saved Final Exam 10 h/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: January 4 The company paid cash to Lyn Addie for five days' work at the rate of $185 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 $24,900 cash in the company. January 7 The company purchased $7,600 of merchandise from Kansas Corporation with terms of 1/10, n/30, FOB shipping point, invoice dated January 7. January 9 The company received $2,858 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 $5,420, which is the total price of $6,750 less the advance payment of $1,330. The company debited Unearned Computer Services Revenue for $ 1,330. January 13 The company sold merchandise with a retail value of $4,200 and a cost of $3,380 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 $4,100 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 $600 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 January 26 The company purchased $9,600 of merchandise from Kansas Corporation with terms of 1/10, n/30, FOB destination, invoice dated January 26. $496. January 26 The company sold merchandise with a $4,480 cost for $5,980 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $185 per day. February 1 The company paid $2,465 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 $496 credit from merchandise returned on January 24. February 5 The company paid $450 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 S. Rey withdrew $4,610 cash from the company for personal use. February 23 The company sold merchandise with a $2,570 cost for $3,290 on credit to Delta Company, invoice dated February 23. February 26 The company paid cash to Lvn Addie for eight days' work at $185 per dav. Mc Graw Hill < Prev 10 of 15 Next > 12.152 26 tv A