6. Use the adjusted balances from the worksheet to prepare the following basic financial statements as of (or for the month ending) March 31: a. Multiple-Step Income Statement b. Statement of Changes in Retained Earnings Classified Balance Sheet C. Mar 31 FICA Tax payable 6122 Federal Income Tax payable $120 Cash at bank $242. Mar 31 Issued check in the amount of $242 to Cracker's Safe Bank in payment of taxes as follows: FICA Tax Payable $122 Federal Income Tax Payable $120 . Mar 31 FICA Tax payable $122 Federal Income Tax pagable $120 Cash at back $242. 5 Mar 29 Mar 29 Recorded the semi-monthly payroll as follows: Salary Expense $700 Federal Income Tax Payable $86 FICA Tax Payable 54 State Income Tax Payable 12 Medical Insurance Payable 6 Salaries Payable 542 Recorded employers payroll taxes as follows: Payroll Tax Expense $97 FICA Tax Payable $54 FUI Tax Payable SUI Tax Payable 38 Issued check to our employee, A. Roddick, $542 Issued check in the amount of $242 to Cracker's Safe Bank in payment of taxes as follows: FICA Tax Payable $122 Federal Income Tax Payable $120 5 Mar 30 Mar 31 5 TODO Mar 22 We sold merchandise on account to three new clients: A. Ashe, protective eye goggles sold for $2,900. The cost of the merchandise was $1,160 M. Hingis, tennis skirts sold for $750. The cost of the merchandise was $300 A. Gibson, hats and visors sold for $2,800. The cost of the merchandise was $1,120 Received check from R. Federer in payment of their balance due from the Mar 13 invoice. . . Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Issued a credit memorandum to A. Ashe for the return of some merchandise from his Mar 22 purchase, $650. The merchandise was in good condition. The cost of the returns was in the same proportion as the orig' sale. Mr. Yur-Karte closed the shop today, after taking home a check for $2,690 for his own personal use. Returned for cash some merchandise previously purchased from Game Set Match on account, $900. (Hint: In recording this entry, we do not receive payment in full, because we took advantage of the cash discount when we originally paid for the goods.) Our delivery truck needed repairs. We had it fixed at Four Wheels Drive, where we paid the bill with cash, $299 Returned for credit, office supplies purchased from Ad-Out Corporation on Mar 4,598. Recorded cash sales for the week, $2,340.The cost of merchandise was $936. Recorded the semi-monthly payroll as follows: Salary Expense $700 Federal Income Tax Payable $86 FICA Tax Payable State Income Tax Payable Medical Insurance Payable Salaries Payable 542 Mar 28 Mar 28 Mar 29 54 12 6 M Recorded 6. Use the adjusted balances from the worksheet to prepare the following basic financial statements as of (or for the month ending) March 31: a. Multiple-Step Income Statement b. Statement of Changes in Retained Earnings Classified Balance Sheet C. Mar 31 FICA Tax payable 6122 Federal Income Tax payable $120 Cash at bank $242. Mar 31 Issued check in the amount of $242 to Cracker's Safe Bank in payment of taxes as follows: FICA Tax Payable $122 Federal Income Tax Payable $120 . Mar 31 FICA Tax payable $122 Federal Income Tax pagable $120 Cash at back $242. 5 Mar 29 Mar 29 Recorded the semi-monthly payroll as follows: Salary Expense $700 Federal Income Tax Payable $86 FICA Tax Payable 54 State Income Tax Payable 12 Medical Insurance Payable 6 Salaries Payable 542 Recorded employers payroll taxes as follows: Payroll Tax Expense $97 FICA Tax Payable $54 FUI Tax Payable SUI Tax Payable 38 Issued check to our employee, A. Roddick, $542 Issued check in the amount of $242 to Cracker's Safe Bank in payment of taxes as follows: FICA Tax Payable $122 Federal Income Tax Payable $120 5 Mar 30 Mar 31 5 TODO Mar 22 We sold merchandise on account to three new clients: A. Ashe, protective eye goggles sold for $2,900. The cost of the merchandise was $1,160 M. Hingis, tennis skirts sold for $750. The cost of the merchandise was $300 A. Gibson, hats and visors sold for $2,800. The cost of the merchandise was $1,120 Received check from R. Federer in payment of their balance due from the Mar 13 invoice. . . Mar 23 Mar 24 Mar 25 Mar 26 Mar 27 Issued a credit memorandum to A. Ashe for the return of some merchandise from his Mar 22 purchase, $650. The merchandise was in good condition. The cost of the returns was in the same proportion as the orig' sale. Mr. Yur-Karte closed the shop today, after taking home a check for $2,690 for his own personal use. Returned for cash some merchandise previously purchased from Game Set Match on account, $900. (Hint: In recording this entry, we do not receive payment in full, because we took advantage of the cash discount when we originally paid for the goods.) Our delivery truck needed repairs. We had it fixed at Four Wheels Drive, where we paid the bill with cash, $299 Returned for credit, office supplies purchased from Ad-Out Corporation on Mar 4,598. Recorded cash sales for the week, $2,340.The cost of merchandise was $936. Recorded the semi-monthly payroll as follows: Salary Expense $700 Federal Income Tax Payable $86 FICA Tax Payable State Income Tax Payable Medical Insurance Payable Salaries Payable 542 Mar 28 Mar 28 Mar 29 54 12 6 M Recorded