1) make journal entries for each transaction (37 entries)

2) post journal entries in part 1 to general ledger (begin with post closing adjusted balances december 31)

3) prepare worksheet that includes the unadjusted trial balance, march 31 adjustments (a) through (g), and the adjusted trial balance

4) prepare income statement (a) single step format (b) multiple step format

5) prepare statement of retained earnings

6) prepare classified balance sheet

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 Credit Debit $ 40,372 e Humber 101 100.1 106.2 106.3 106.4 106.5 106.6 106.7 106, 106.9 119 126 128 Account Title Cash Alex's Engineering Company Wildcat Services Easy Leasing ITH Company Liu Corporation nt Company Delta Company KC, Incorporated Dream, Incorporated Merchandise inventory Computer supplies Prepaid insurance 3,000 0 2,668 580 1,665 580 1,665 825 8,000 $400 20,000 1,250 1,100 500 1,500 73,000 7,360 106.9 119 126 128 131 163 164 167 168 201 210 236 307 318 319 403 413 414 415 502 612 613 623 637 640 652 655 676 677 684 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 Common stock Retained earnings Dividends 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 C 676 677 684 Mileage expense Miscellaneous expenses 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 (Numbers. 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 $125 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 $25,000 cash in the company in exchange for more common stock. January 7 The company purchased $5,800 of merchandise from Kansas Corporation with terms of 1/10, 1/30, FOU shipping point, invoice dated January 7. January 9 The company received $2,668 cash from Gomez Company as full payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,500, which is the total price of $7,000 less the advance payment of $1,500. The company debited Unearned Computer Services Revenue for $1,500. January 13 The company sold merchandise with a retall value of $5,200 and a cost of $3,560 to Liu Corporation, invoice dated January 13. January 15 The company paid $600 cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,000 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 $500 to Lu Corporation and credited Liu's accounts receivable for that amount. January 22 The company received the balance due from Lu 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 $496. Tam Thanh Oanhanteum Van Porno Rinnan WA En Help Save & Ch January 22 The company received the balance due trom Lu Lorporation, 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 $496. January 26 The company purchased $9,000 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 $4,640 cost for $5,800 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days work at $125 per day. February 1 The company paid $2,475 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 $496 credit from merchandise returned on January 24. February 5 The company paid $680 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 The company paid a $4,800 cash dividend. February 23 The company sold merchandise with a $2,660 cost for $3,220 on credit to Delta Company, Invoice dated February 23. February 26 The company paid cash to Lyn Addie for eight days' work at $125 per day. February 27 The company reimbursed Santana Rey $192 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,730 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 $960 cash for minor repairs to the company's computer. March 16 The company received $5,260 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $3,830 to Harris office Products, consisting of amounts created on December 15 (of $1,100) and March 8. March 24 The company billed Easy Leasing for 59,047 of computing services provided. March 25 The company sold merchandise with a $2,002 cost for $2,800 on credit to wildcat Services, Invoice dated March 25. March 30 The company sold merchandise with a $1,048 cost for $2,220 on credit to IF Company, Invoice dated March 4 March 8 The company purchased $2,750 of computer supplies from Harris Urtice Products on credit with terms of 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 $960 cash for minor repairs to the company's computer. March 16 The company received $5,260 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $3,830 to Harris Office Products, consisting of amounts creat December 15 (of $1,100) and March 8. March 24 The company billed Easy Leasing for $9,047 of computing services provided. March 25 The company sold merchandise with a $2,602 cost for $2,800 on credit to Wildcat Services, invoice dat March 25. March 30 The company sold merchandise with a $1,648 cost for $2,220 on credit to IFM Company, invoice dated Ma 30. March 31 The company reimbursed Santana Rey $128 cash for business automobile mileage. The company recorded th reimbursement as "Mileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement prepar a. The March 31 amount of computer supplies still available totals $2,005. b. Prepaid Insurance coverage of $555 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $125 per day. d. Prepaid rent of $2.475 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1.250. f. Depreciation on the office equipment for January 1 through March 31 is $400. g. The March 31 amount of merchandise inventory still available totals $704