SERIAL PROBLEM (This serial problem started in Chapter I and continues through most of the chapters. If the Chapter1 Business Solutions segment was not completed, the problem can begin at this point.) A1 P1 P2 SP 2 On October 1, 2017, Santana Rey launched a computer services company called Business Solutions, which provides consulting services, computer system installations, and custom program devel- opment. Rey adopts the calendar year for reporting purposes and expects to prepare the company’s first set of financial statements on December 31, 2017. The company’s initial chart of accounts follows. No. Account No. Account Cash Accounts Receivable . 101 106 S. Rey, Withdrawas 126 Computer Services Revenue 128 Wages Expense 131 163 Mileage Expense 302 403 623 . …655 676 677 Prepaid Rent Advertising Expense. Computer Equipment. Accounts Payable…. Miscellaneous Expenses Repairs .167 RF


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