ad $27,000 of its During the month of March (for simplicity, date all transactions as of 3/31) The company's invoices indicated the following repairs and restorations: Repairs to diesel engines $210.000 Restoring cars $17.500 $160,000 of the services rendered were paid in cash and $67,500 paid on credit. The services used $45,000 of garage supplies. Viezuchter collected $63,000 of outstanding customer credit accounts. Throughout the month, Viezuchter Co. paid its employees each Friday. Total wages paid amounted to $10,000. However, employees earned an additional $1,000 during the last week, that would not be paid until 4/1 of the next quarter. Viezuchter wrote a check paying for the $20,000 of utility bills it incurred during the first 3 months of the year. Based on his review of accounts receivable, Kris estimates $2,000 to be uncollectible. Kris decided to prepare financial statements for the first quarter of operations. See assignment #1