Question: Serial Problem success Systems LO P1, P2, P3, P4 IThe following information applies to the questions displayed below.J Adria Lopez created Success Systems on October

 Serial Problem success Systems LO P1, P2, P3, P4 IThe followinginformation applies to the questions displayed below.J Adria Lopez created Success Systemson October 1, 2013. The company has been successful, and its listof customers has grown. To accommodate the growth, the accounting system ismodified to set up separate accounts for each customer. The following chartof accounts includes the account number used for each account and anybalance as of December 31, 2013. Adria Lopez decided to add afourth digit with a decimal point to the 106 account number thathad been used for the single Accounts Receivable account. This change allowsthe company to continue using the existing chart of accounts. Credit NoAccount Title Debit 48,442 10 Cash 1061 Alex's Engineering Co. 106.2 WildcatServices 106.3 Easy Leasing 3,050 106.4 IFM Co. 106.5 Liu Corp. 106.6Gomez Co 2708 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc.119 Merchandise inventory 126 Computer supplies 650 128 Prepaid insurance 2,016 13Prepaid rent 905 163 Office equipment 8180 360 164 Accumulated depreciation-Office equipment167 Computer equipment 21,500 168 Accumulated depreciation-Computer equipment 90 1,250 20 Accountspayable 210 Wages payable 860 236 Unearned computer services revenue 310 68,000307 Common stock 318 Retained earnings 14.48 319 Dividends 403 Computer servicesrevenue 413 Sales 414 Sales returns and allowances 415 Sales discounts 502

Serial Problem success Systems LO P1, P2, P3, P4 IThe following information applies to the questions displayed below.J Adria Lopez created Success Systems on October 1, 2013. 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, 2013. Adria Lopez 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. Credit No Account Title Debit 48,442 10 Cash 1061 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Easy Leasing 3,050 106.4 IFM Co. 106.5 Liu Corp. 106.6 Gomez Co 2708 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplies 650 128 Prepaid insurance 2,016 13 Prepaid rent 905 163 Office equipment 8180 360 164 Accumulated depreciation-Office equipment 167 Computer equipment 21,500 168 Accumulated depreciation-Computer equipment 90 1,250 20 Accounts payable 210 Wages payable 860 236 Unearned computer services revenue 310 68,000 307 Common stock 318 Retained earnings 14.48 319 Dividends 403 Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 nsurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense

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