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 (Nos. 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 $155 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. January 7 The company purchased $6,200 of merchandise from Kansas Corporation with terms of 1/10, n/30, FD6 shipping point, invoice dated January 7. January 9 The company received $2,828 cash from Gomez Company as fu11 payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,420, ahich is the total price of $6,830 less the advance payment of $1,410. The company debited Unearned Computer Services Revenue for $1,410. January 13 The company sold merchandise with a retail value of $4,200 and a cost of $3,540 to Liu Corporation, invoice dated January 13. January 15 The company paid \$\$ee cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,140 cash from Delta Company far 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 $600 to Liu Corporatlon and credited Llu's accounts recelvable for that amount. January 22 The company received the balance due from Liu 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 af the discount, was $486. January 26 The company purchased $9,500 of merchandise from Kansas Corporatlon with terms of 1/10, n/30, FOB destination, invoice dated January 26. January 26 The company sold merchandise with a $4,550 cost for $5,910 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $155 per day. February 1 The company paid $2,685 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 $486 credit from merchandise returned on January 24. February 5 The company paid $460 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 15S. Rey withdrew $4,660 cash from the company for persanal use. February 23 The company sold merchandise with a $2,600 cost for $3,240 on credit to Delta Company, invaice dated February 23. February 26 The company paid cash to Lyn Addie for elght days' work at $155 per day: February 27 The company reimbursed Santana Rey $320 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,890 of computer supplies from Harris Office Products on credit with terms of n/30, FOB destination, invoice dated March 8. March 9 The company recelved the balance due fron Delta Company for merchandise sold on February 23. March 11 The company paid $920 cash for minor repairs to the company's computer. March 16 The company received \$5,320 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the fu1l amount due of $4,040 to Harris office Products, consisting of amounts created on December 15 (of $1,150 ) and March 8. March 24 The company billed Easy Leasing for $9,167 of computing services provided. March 25 The company sold merchandise with a $2,022 cost for $2,880 on credit to Wildcat Services, invoice dated March 25. March 30 The company sold merchandise with a $1,238 cost for $2,240 on credit to IFM Company, invoice dated March 30. March 31 The company reimbursed Santana Rey \$\$320 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,115. b. Prepaid Insurance coverage of $636 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $155 per day. d. Prepaid rent of $2,685 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,100. f. Depreciation on the office equipment for January 1 through March 31 is $200. g. The March 31 amount of merchandise inventory still available totals $514. 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 (Nos. 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 $155 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. January 7 The company purchased $6,200 of merchandise from Kansas Corporation with terms of 1/10, n/30, FD6 shipping point, invoice dated January 7. January 9 The company received $2,828 cash from Gomez Company as fu11 payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,420, ahich is the total price of $6,830 less the advance payment of $1,410. The company debited Unearned Computer Services Revenue for $1,410. January 13 The company sold merchandise with a retail value of $4,200 and a cost of $3,540 to Liu Corporation, invoice dated January 13. January 15 The company paid \$\$ee cash for freight charges on the merchandise purchased on January 7. January 16 The company received $4,140 cash from Delta Company far 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 $600 to Liu Corporatlon and credited Llu's accounts recelvable for that amount. January 22 The company received the balance due from Liu 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 af the discount, was $486. January 26 The company purchased $9,500 of merchandise from Kansas Corporatlon with terms of 1/10, n/30, FOB destination, invoice dated January 26. January 26 The company sold merchandise with a $4,550 cost for $5,910 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $155 per day. February 1 The company paid $2,685 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 $486 credit from merchandise returned on January 24. February 5 The company paid $460 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 15S. Rey withdrew $4,660 cash from the company for persanal use. February 23 The company sold merchandise with a $2,600 cost for $3,240 on credit to Delta Company, invaice dated February 23. February 26 The company paid cash to Lyn Addie for elght days' work at $155 per day: February 27 The company reimbursed Santana Rey $320 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,890 of computer supplies from Harris Office Products on credit with terms of n/30, FOB destination, invoice dated March 8. March 9 The company recelved the balance due fron Delta Company for merchandise sold on February 23. March 11 The company paid $920 cash for minor repairs to the company's computer. March 16 The company received \$5,320 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the fu1l amount due of $4,040 to Harris office Products, consisting of amounts created on December 15 (of $1,150 ) and March 8. March 24 The company billed Easy Leasing for $9,167 of computing services provided. March 25 The company sold merchandise with a $2,022 cost for $2,880 on credit to Wildcat Services, invoice dated March 25. March 30 The company sold merchandise with a $1,238 cost for $2,240 on credit to IFM Company, invoice dated March 30. March 31 The company reimbursed Santana Rey \$\$320 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. a. The March 31 amount of computer supplies still available totals $2,115. b. Prepaid Insurance coverage of $636 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $155 per day. d. Prepaid rent of $2,685 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,100. f. Depreciation on the office equipment for January 1 through March 31 is $200. g. The March 31 amount of merchandise inventory still available totals $514