isert Format Tools Table Window Help AutoSave OFF n 8 0 6 .. Group Project 1 Fall 21 (5) - Compatibility Mode - Saved to my Mac sert Draw Design Layout References Mailings Review View 9 Tell me Share Arial 12 " A A Aa A BIUXX A DAY EE Styles Styles Dictate Pane Part Ill Lacey Robbins decided to expand her business and begin selling accounting software, as well as providing consulting services. During January, Robbins Consulting completed these transactions: Jan 2 Completed a consulting engagement and received cash of $5,200. 2 Prepaid three months' office rent, $4,500 7 Purchased software inventory on account, $4,200, plus freight in, $100. 15 Withdrew $2,500 for personal use. 18 Sold software on account, $2, 100 (cost $1,200), term n/30. 19 Consulted with a client for a fee of $700 on account. 20 Paid the secretary's salary for the month. 21 Paid on account, $3,000. 24 Paid utilities, $375. 28 Sold software for cash, $800 (cost $600). 31 Recorded these adjusting entries: a) Accrued salary expense (1/3 of the month). b) Depreciation of computer and furniture. c) Expiration of prepaid rent. d) Expiration of prepaid insurance. e) Physical count of inventory, $2,300. f) Earned the remaining revenue from December 22. g) Robbins estimates that 3% of inventory sold will be returned