Adjustments Adjusted Trial Balance March 31, 2020 Unadjusted Trial Balance Dr. Cr. 68,057 Dr. Cr. Cr. Dr. 68,057 No. Account Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 2,800 2,800 9,047 9,047 5,220 5,220 106.3 Easy Leasing 106.4 IFM Co. 106.5 Liu Corp. 106.6 Gomez Co. 5,800 5,800 846 3,310 1,665 142 1,305 555 2,475 704 2,005 1,110 825 3,300 8,000 8,000 400 400 800 20,000 20,000 1,250 1,250 2,500 875 875 98,000 98,000 7,360 7,360 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment 164 Accumulated depreciation-Office equipment 167 Computer equipment 168 Accumulated depreciation-Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 307 Common stock 318 Retained eamings 319 Dividends 403 Computer services revenue 413 Sales 414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 613 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 640 Rent expense 652 Computer supplies expense 655 Advertising expense 676 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer Totals 4,800 4,800 25,307 25,307 19,240 19,240 500 500 47 13,910 47 14,052 142 400 1,250 400 1,250 2,375 875 3,250 555 555 2,475 2,475 1,305 1,305 600 600 320 320 960 960 154,082 151,557 151,557 7,002 7,002 154,082 Required 4A Required 4B Prepare an income statement (from the adjusted trial balance in part 3) for the three months ended March 31, 2020. (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, 2020 0 Net sales 0 0 Expenses Selling expenses 0 Total selling expenses General and administrative expenses Total general and administrative expenses 0 Total expenses 0 $ 0