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 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. also, business solutions does not use reversing entries and, therefore, all revenue and expense accounts have zero beginning balances as of january 1, 2018. its transactions for january through march follow:
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In response to requests from customers, s. rey will begin selling computer software. the company wil...
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