(1 problem all same numbers thanks in advance)

Required Information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2021. 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, 2021. Santana Rey 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. Number Account Title Credit Debit $ 48,512 101 Cash 106.1 Alex's Engineering Company 106.2 Wildcat Services 106.3 Easy Leasing 106.4 IFM Company 106.5 Liu Corporation 3,020 0 2,818 106.6 Gomez Company 106.7 Delta Company 106.8 8 KC, Incorporated Dream, Incorporated 106.9 8 119 Merchandise inventory 8 126 Computer supplies 740 128 Prepaid insurance 1,827 131 Prepaid rent 925 163 Office equipment 8,160 164 Accumulated depreciation-Office equipment Computer equipment 167 20,900 168 Accumulated depreciation-Computer equipment Accounts payable 201 210 Wages payable 236 Unearned computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold B 612 Depreciation expense-Office equipment 8 613 0 Depreciation expense-Computer equipment Wages expense 623 B 637 Insurance expense 640 Rent expense B 652 B Computer supplies expense 655 Advertising expense B 676 Mileage expense 677 Miscellaneous expenses 8 684 Repairs expense-Computer 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. Its transactions for January through March follow. January 4 The company paid cash to Lyn Addie for five days' work at the rate of $225 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 $24,100 cash in the company. January 7 The company purchased $6,700 of merchandise from Kansas Corporation with terms of 1/10, n/30, FOB shipping point, invoice dated January 7. The company received $2,818 cash from Gomez Company as full payment on its account. January 9 January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,360, which is the total price of $6,790 less the advance payment of $1,430. The company debited Unearned Computer Services Revenue for $1,430. January 13 The company sold merchandise with a retail value of $4,800 and a cost of $3,360 to Liu Corporation, invoice dated January 13. $ 390 1,240 1,110 900 1,430 81,832 8 January 15 The company paid $720 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,120 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 $486. January 26 The company purchased $9,900 of merchandise from Kansas Corporation with terms of 1/10, n/30, FOB destination, invoice dated January 26. January 26 The company sold merchandise with a $4,530 cost for $5,978 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $225 per day. February 1 The company paid $2,775 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 $486 credit from merchandise returned on January 24. February 5 The company paid $530 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 $4,640 cash from the company for personal use. February 23 The company sold merchandise with a $2,650 cost for $3,318 on credit to Delta Company, invoice dated February 23. February 26 The company paid cash to Lyn Addie for eight days' work at $225 per day. February 27 The company reimbursed Santana Rey $256 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,780 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 $800 cash for minor repairs to the company's computer. March 16 The company received $5,290 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $3,890 to Harris Office Products, consisting of amounts created on December 15 (of $1,110) and March 8. March 24 The company billed Easy Leasing for $9,057 of computing services provided. March 25 The company sold merchandise with a $2,012 cost for $2,828 on credit to Wildcat Services, invoice dated March 25. March 30 The company sold merchandise with a $1,218 cost for $2,238 on credit to IFM Company, invoice dated March 30. March 31 The company reimbursed Santana Rey $96 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,055. b. Prepaid Insurance coverage of $609 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $225 per day. d. Prepaid rent of $2,775 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,240. f. Depreciation on the office equipment for January 1 through March 31 is $390. g. The March 31 amount of merchandise inventory still available totals $554. 2. Post the journal entries in part 1 to the accounts in the company's general ledger. Note: Begin with the ledger's post-closing adjusted balances as of December 31, 2021. 101: Cash 106.1: Accounts Receivable-Alex's Engineering Company Date Debit Credit Balance Date Debit Credit Balance December 31 December 31 January 04 January 11 5,360 January 05 February 11 January 09 January 15 January 16 January 17 January 22 January 21 24,100 2,818 4,120 4,158 1,125 720 6,633 2250 48.512 47,387 71,487 74,305 73,585 77,705 71,072 75,230 72 0An 5,360 0 5,360 0 106.2: Accounts Receivable-Wildcat Services Date Debit Credit December 31 March 25 2,820 106.4: Accounts Receivable-IFM Company Date Debit Credit December 31 March 30 2,230 106.6: Accounts Receivable-Gomez Company Date Debit Credit December 31 January 09 2,818 106.8: Accounts Receivable-KC, Incorporated Date Debit Credit December 31 January 26 5,970 119: Merchandise Inventory Date Debit Credit December 31 January 07 6,700 January 13 January 15 720 January 17 January 24 3,360 67 488 Balance 0 2,820 Balance 3,020 5,250 Balance 2,818 0 Balance 0 5,970 Balance 0 6,700 3,340 4,000 3,993 3,507 106.3: Accounts Receivable-Easy Leasing Debit Credit 9,057 106.5: Accounts Receivable Liu Corporation Date Debit Credit December 31 January 13 4,800 January 20 600 January 22 4,200 106.7: Accounts Receivable-Delta Company Date Debit Credit December 31 3,310 February 23 March 09 3,310 106.9: Accounts Receivable-Dream, Incorporated Date Debit Credit December 31 126: Computer Supplies Debit Date Credit December 31 March 08 2,780 Date December 31 March 24 Balance 0 9,057 Balance 0 4,800 4,200 0 Balance 0 3,310 0 Balance 0 Balance 740 3,520 Date December 31 Date December 31 Date December 31 Date December 31 January 07 January 17 January 24 January 26 February 03 March 08 March 19 Date December 31 January 11 Date February 15 128: Prepaid Insurance Debit Credit 163: Office Equipment Debit Credit 167: Computer Equipment Debit Credit 201: Accounts Payable Debit Credit 6.700 6.700 486 9,900 9.414 2,780 3,890 236: Unearned Computer Services Revenue Debit Credit 1,430 302: S. Rey, Withdrawals Debit Credit 4,640 131: Prepaid Rent Debit Credit 2,775 164: Accumulated Depreciation Office Equipment Date Debit Credit Balance 8,160 December 31 390 168: Accumulated Depreciation-Computer Equipment Date Debit Credit Balance 20,900 December 31 210: Wages Payable Date Debit Credit December 31 January 04 900 301: S. Rey, Capital Debit 24,100 403: Computer Services Revenue Debit Credit 6,790 4,120 5,290 9,057 Balance 1,827 Balance Balance Balance 1,110 7,810 1,110 624 10,524 1,110 3,890 0 Balance 1.430 0 Balance 4,640 Date December 31 February 01 Date December 31 January 05 Date January 11 January 16 March 16 March 24 Credit Balance 925 3,700 1,240 Balance 900 0 Balance 81,832 105,932 Balance 6,790 10,910 16,200 25,257 Date January 13 January 26 February 23 March 25 March 30 January 22 Date 413: Sales Debit 415: Sales Discounts Debit Credit 42 612: Depreciation Expense-Office Equipment Date Debit Credit 623: Wages Expense Date Debit 225 2.250 1,800 640: Rent Expense Debit Credit 655: Advertising Expense Debit Credit 530 677: Miscellaneous Expenses Debit Credit January 04 January 31 February 26 Date Date February 05 Date Credit 4,800 Balance Credit 4,800 Balance Balance Balance 225 2,475 4,275 Balance Balance 42 530 Balance 414: Sales Returns and Allowances Debit Credit 600 502: Cost of Goods Sold Debit Credit 3,360 4,530 2,650 2,012 1,218 613: Depreciation Expense Computer Equipment Date Debit Credit Balance 637: Insurance Expense Debit Date Credit Balance 652: Computer Supplies Expense Date Debit Credit Balance 676: Mileage Expense Date Debit Credit Balance February 27 March 31 256 96 684: Repairs Expense-Computer Date Debit Credit Date January 20 Date January 13 January 26 February 23 March 25 March 30 Balance 600 Balance 3,360 7,890 10,540 12,552 13,770 256 352 Balance 3. Prepare a 6-column work sheet that includes the unadjusted trial balance, the March 31 adjustments (a) through (g), and the ad trial balance. Do not prepare closing entries and do not journalize the adjustments or post them to the ledger. BUSINESS SOLUTIONS Partial Work Sheet March 31, 2022 Unadjusted Trial Balance Adjustments Number Account Title Adjusted Trial Balance Debit Debit Credit 62,838 101 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.8 106.9 119 126 128 131 163 164 167 168 201 210 236 301 302 403 413 414 415 502 612 613 623 637 640 652 655 676 677 684 Cash Alex's Engineering Company Wildcat Services Easy Leasing IFM Company Liu Corporation Gomez Company Delta Company KC, Incorporated Dream, Incorporated Merchandise inventory Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation Office equipment Computer equipment Accumulated depreciation Computer equipment Accounts payable Wages payable Unearned computer services revenue S. Rey, Capital S. Rey, Withdrawals Computer services revenue Sales Sales returns and allowances Sales discounts Cost of goods sold Depreciation expense-Office equipment Depreciation expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Credit Debit Credit Required 4A Required 4B Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. (a) Use a single-step format. List all expenses without differentiating between selling expenses and general and administrative expenses. BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2022 Revenues 0 Required 4A Total revenues Expenses Total expenses 0 $ 0 Required 4B > Required 4A Required 4B Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. (b) Use a multiple-step format that begins with gross sales (service revenues plus gross product sales) and includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categorize the following accounts as selling expenses: Wages Expense, Mileage Expense, and Advertising Expense. Categorize the remaining expenses as general and administrative. Show less A BUSINESS SOLUTIONS Income Statement For Three Months Ended March 31, 2022 0 Net sales 0 0 Expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total expenses 0 0 0 The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,055. b. Prepaid Insurance coverage of $609 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $225 per day. d. Prepaid rent of $2,775 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,240. 1. Depreciation on the office equipment for January 1 through March 31 is $390. g. The March 31 amount of merchandise inventory still available totals $554. 5. Prepare a statement of owner's equity (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. BUSINESS SOLUTIONS Statement of Owner's Equity For Three Months Ended March 31, 2022 S. Rey, Capital, Dec. 31, 2021 S. Rey, Capital, March 31, 2022 $ 0 0 6. Prepare a classified balance sheet (from the adjusted trial balance) as of March 31, 2022. (Report Accounts receivable as a single amount.) BUSINESS SOLUTIONS Balance Sheet March 31, 2022 Assets Current assets 0 0 0 0 0 0 Total current assets Plant assets Total plant assets Total assets Current liabilities Total equity Total liabilities and equity Liabilities Equity $ $ 0