Jan. 4 The company paid cash to Lyn Addie for five days work at the rate of $2e5 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23,988 cash in the company. 7 The company purchased $7,6ee of merchandise from Kansas Corp. with terms of 1/18, n/30, FOB shipping point, invoice dated January 7. 9 The company received $2,738 cash from Gomez Co. as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. and billed it $5,488, which is the total price of $6,850 less the advance payment of $1,450. 13 The company sold merchandise with a retail value of $4,300 and a cost of $3,430 to Liu Corp., invoice dated January 13. 15 The company paid $689 cash for freight charges on the merchandise purchased on January 7. 16 The company received $4,830 cash from Delta Co. for computer services provided. 17 The company paid Kansas Corp. for the invoice dated January 7, net of the discount. 20 Liu Corp. returned $6ee of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $248 cost, is discarded. The policy of Business Solutions is to leave the cost of defective products in cost of goods sold.) 22 The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise. 24 The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $486. 26 The company purchased $9,468 of merchandise from Kansas Corp. with terms of 1/18, n/30, FOB destination, invo dated January 26. 26 The company sold merchandise with a $4,578 cost for $5,828 on credit to KC, Inc., invoice dated January 26. 31 The company paid cash to Lyn Addie for 10 days work at $285 per day. 1 The company paid $2,535 cash to Hillside Mall for another three months' rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 amount in the credit memorandum. 5 The company paid $588 cash to the local newspaper for an advertising insert in today's paper. 11 The company received the balance due from Alex's Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew $4,67e cash from the company for personal use. 23 The company sold merchandise with a $2,468 cost for $3,388 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days work at $285 per day. 27 The company reimbursed Santana Rey for business automobile mileage (688 miles at $2.32 per mile). 8 The company purchased $2,818 of computer supplies from Harris Office Products on credit, invoice dated March 9 The company received the balance due from Delta Co. for merchandise sold on February 23. 11 The company paid $918 cash for minor repairs to the company's computer. 16 The company received $5,35e cash from Dream, Inc., for computing services provided. 19 The company paid the full anount due to Harris Office Products, consisting of anounts created on December 15 (of $1,240) and March 8. 24 The company billed Easy Leasing for $9,887 of computing services provided. 25 The company sold merchandise with a $2,042 cost for $2,888 on credit to Wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,188 cost for $2,258 on credit to IFM Company, invoice dated March 30. 31 The company reimbursed Santana Rey for business automobile mileage (380 miles at $2.32 per mile). Feb. Mar. 101 Cach Credit Date Debit 108.1 Accounts Receivable-Alex's Engineering Co. Date Debit Credit Balance Dec 31 Jan 11 5400 5.400 Feb 11 5.400 0 22000 2.738 680 4.030 Dec. 31 Jan 04 Jan 05 Jan 09 Jan 15 Jan 16 Jan 17 Jan 22 Jan 31 Fob. 01 Feb 03 Fab. Os Feb. 11 Feb. 15 Fob. 26 Feb. 27 Mar. 09 Mar. 11 Mar. 16 Mar. 19 Mar. 31 Balance 48.502 47.477 71,377 74, 115 73435 77,455 69.341 73.604 71,554 69,019 60. 199 59,619 65,019 50.349 58.709 58.617 61,297 2080 2.535 8.820 SED 5.400 4670 1,640 192 3.380 910 50.987 4,050 66,337 52 287 62. 191 108.3 Accounts Raonivable-Easy Leasing Debit Credit Balance Date 109.2 Accounts Receivable_Wildcat Barvios Date Debit Credit Balance Dec. 31 Mar. 25 2.880 2.880 Dec 31 Mar. 24 9.ORT 9,087 108.4 Accounts Receivable_IFM Co. Debit Credit Balance Date Dec 31 Mar. 30 108.5 Accounts Receivabils-Llu Corporation Date Debit Credit Balance Dec 31 0 Jan 13 4300 4300 Jan 20 GOD 3.700 3.700 0 2.250 2.250 108.B Accounts ReceivabisGomez Co. Debit Credit Balance 108.7 Account Recalvable_Delta Co. Debit Credit Balance Date Date Dec 31 Jan 09 2.738 2.738 Dec. 31 Feb 23 Mar. 09 3.380 3.380 3.380 108.8 Accounts Receivable_k, Inc. Debit Credit Balance 108. Acoounts Roiva-Oream, Ino. Debit Credit Balance Date Date Dec 31 O Dec. 31 119 Merchandic Inventory Debit Credit Balance 128 Computer Supplies Debit Credit Date Dec 31 Mar. O Balance GRO 3.480 7,600 2.810 3.430 7.600 4170 4,850 GBD Date Dec 31 Jan. 07 Jan 13 Jan 15 Jan 17 Can24 Jan 26 Jan 25 Fob. 03 Feb 23 Mar 25 TE 485 4.299 9.400 13.68 9,118 4570 2480 6.554 2.042 128 Prepaid Insurance Debit Credit 131 Prepaid Rent Debit Credit Date Date Balance Balance 1.936 Dec. 31 2.536 3.380 187 Computer Equipment Debit Credit Balance 21,000 188 Acoumulated Depreciation-Computer Equipment Debit Credit Balenge Dec. 31 1.240 Dec 31 201 Accounts Payable Debit Credit 210 Wagac Payable Credit Date Bingo Balance 1.240 Dec 31 820 7.600 Jan 04 0 8.840 1.240 7,600 Date Dec 31 Jan Oy Jan 17 Jan 24 Jan 26 Fab. var. OB Mar. 19 486 9.400 754 10.154 1.240 4,050 8.914 2.810 301 8. Ray, Capital Debit Credit Date 208 Unearned Computer Bervicat Revenue Date Debit Credit Balance Dec. 31 1.450 Jan 11 Dec. 31 Jan 05 Balance 81,840 105.740 23.500 302 8. Ray, Withdrawal Debit Credit Date Date Feb 15 Balance 4.670 408 Computer Bervices Revenu Debit Credit 6.850 Balance 6.850 4.030 10.80 Jan 16 Mar. 16 Mar. 24 16. 230 25.317 9.ORT 413 Bales Debit Credit 4300 Balance Date Jan 20 414 Balet Returns and Allowance Debit Credit GOD Balance 600 Jan 13 Jan 25 Fob. 23 Mar. 25 Mar. 30 4300 10. 120 13.500 16.30 3.380 2990 2.250 18.630 Date 415 Sales Dicoount Debit Credit 37 Balance 37 602 Coct of Goods Gold Debit Credit 3.430 Balance 3.430 Jan 22 10.390 Date Jan 13 Jan Feb. 23 Mar. 25 Mar. 30 13.820 15.20 2.480 2.042 1.18 18.3221 19.510 812 Depreciation Expans-Office Equipment Date Debit Credit Balance 818 Depreciation Expands-Computer Equipment Date Debit Credit Balance 837 Insurance Expanca Debit Credit Date Balance 820 Viegac Expance Debit Credit 206 2.050 1,640 Balance 206 Date Jan 04 Jan 31 Feb. 26 2.25 3.996 840 Rent Expense Debit Credit 862 Computer Supplies Expense Debit Credit Date Balance Date Balance Date 855 Advertising Expence Debit Credit SBD Date Balance 580 878 Mileage Expense Debit Credit 192 Fab. Os Feb. 27 Mar. 31 Balance 192 299 877 Miscellaneous Expancas Debit Credit Balance 854 Repair Expands-Computer Credit Date Debit Balance BUSINESS SOLUTIONS Partial Work Sheet March 31, 2018 Unadjusted Trial Balance Dr. Cr. 62,191 Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. 62,191 164 No. Account Title 101 Cash 108.1 Alex's Engineering Co. 108.2 Wildcat Services 108.3 Easy Leasing 103.4 IFM Co. 108.5 Liu Corp. 105.8 Gomez Co. 105.7 Delta Co. 108.8 KC, Inc. 105.9 Dream, Inc. 119 Merchandise inventory 128 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment Accumulated depreciation Office equipment 167 Computer equipment 168 Accumulated depreciation Computer equipment 201 Accounts payable Wages payable 238 Unearned computer services revenue 301 S. Rey. Capital 302 S. Rey, Withdrawals 403 Computer services revenue 413 Sales Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 813 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 840 Rent expense Computer supplies expense 655 Advertising expense 678 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer Totals 210 414 652 62,191 62, 191 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 $2015. b. Three more months have expired since the company purchased its annual Insurance policy at a $2,580 cost for 12 months of coverage. c Lyn Addie has not been paid for seven days of work at the rate of $205 per day. d. Three months have passed since any prepaid rent has been transferred to expense. The monthly rent expense is $845. e. Depreciation on the computer equipment for January 1 through March 31 is $1.240. f. Depreciation on the office equipment for January 1 through March 31 is $290. 9. The March 31 amount of merchandise Inventory still available totals $654. BUSINESS SOLUTIONS Balance Sheet March 31, 2018 Assets Current assets 0 Total current assets Plant assets Office Equipment, net 0 0 Computer equipment, net Total plant assets Total assets 0 $ Liabilities Current liabilities Equity $ Total liabilities and equity $ 0 Jan. 4 The company paid cash to Lyn Addie for five days work at the rate of $2e5 per day. Four of the five days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23,988 cash in the company. 7 The company purchased $7,6ee of merchandise from Kansas Corp. with terms of 1/18, n/30, FOB shipping point, invoice dated January 7. 9 The company received $2,738 cash from Gomez Co. as full payment on its account. 11 The company completed a five-day project for Alex's Engineering Co. and billed it $5,488, which is the total price of $6,850 less the advance payment of $1,450. 13 The company sold merchandise with a retail value of $4,300 and a cost of $3,430 to Liu Corp., invoice dated January 13. 15 The company paid $689 cash for freight charges on the merchandise purchased on January 7. 16 The company received $4,830 cash from Delta Co. for computer services provided. 17 The company paid Kansas Corp. for the invoice dated January 7, net of the discount. 20 Liu Corp. returned $6ee of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $248 cost, is discarded. The policy of Business Solutions is to leave the cost of defective products in cost of goods sold.) 22 The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise. 24 The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $486. 26 The company purchased $9,468 of merchandise from Kansas Corp. with terms of 1/18, n/30, FOB destination, invo dated January 26. 26 The company sold merchandise with a $4,578 cost for $5,828 on credit to KC, Inc., invoice dated January 26. 31 The company paid cash to Lyn Addie for 10 days work at $285 per day. 1 The company paid $2,535 cash to Hillside Mall for another three months' rent in advance. 3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 amount in the credit memorandum. 5 The company paid $588 cash to the local newspaper for an advertising insert in today's paper. 11 The company received the balance due from Alex's Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew $4,67e cash from the company for personal use. 23 The company sold merchandise with a $2,468 cost for $3,388 on credit to Delta Co., invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days work at $285 per day. 27 The company reimbursed Santana Rey for business automobile mileage (688 miles at $2.32 per mile). 8 The company purchased $2,818 of computer supplies from Harris Office Products on credit, invoice dated March 9 The company received the balance due from Delta Co. for merchandise sold on February 23. 11 The company paid $918 cash for minor repairs to the company's computer. 16 The company received $5,35e cash from Dream, Inc., for computing services provided. 19 The company paid the full anount due to Harris Office Products, consisting of anounts created on December 15 (of $1,240) and March 8. 24 The company billed Easy Leasing for $9,887 of computing services provided. 25 The company sold merchandise with a $2,042 cost for $2,888 on credit to Wildcat Services, invoice dated March 25. 30 The company sold merchandise with a $1,188 cost for $2,258 on credit to IFM Company, invoice dated March 30. 31 The company reimbursed Santana Rey for business automobile mileage (380 miles at $2.32 per mile). Feb. Mar. 101 Cach Credit Date Debit 108.1 Accounts Receivable-Alex's Engineering Co. Date Debit Credit Balance Dec 31 Jan 11 5400 5.400 Feb 11 5.400 0 22000 2.738 680 4.030 Dec. 31 Jan 04 Jan 05 Jan 09 Jan 15 Jan 16 Jan 17 Jan 22 Jan 31 Fob. 01 Feb 03 Fab. Os Feb. 11 Feb. 15 Fob. 26 Feb. 27 Mar. 09 Mar. 11 Mar. 16 Mar. 19 Mar. 31 Balance 48.502 47.477 71,377 74, 115 73435 77,455 69.341 73.604 71,554 69,019 60. 199 59,619 65,019 50.349 58.709 58.617 61,297 2080 2.535 8.820 SED 5.400 4670 1,640 192 3.380 910 50.987 4,050 66,337 52 287 62. 191 108.3 Accounts Raonivable-Easy Leasing Debit Credit Balance Date 109.2 Accounts Receivable_Wildcat Barvios Date Debit Credit Balance Dec. 31 Mar. 25 2.880 2.880 Dec 31 Mar. 24 9.ORT 9,087 108.4 Accounts Receivable_IFM Co. Debit Credit Balance Date Dec 31 Mar. 30 108.5 Accounts Receivabils-Llu Corporation Date Debit Credit Balance Dec 31 0 Jan 13 4300 4300 Jan 20 GOD 3.700 3.700 0 2.250 2.250 108.B Accounts ReceivabisGomez Co. Debit Credit Balance 108.7 Account Recalvable_Delta Co. Debit Credit Balance Date Date Dec 31 Jan 09 2.738 2.738 Dec. 31 Feb 23 Mar. 09 3.380 3.380 3.380 108.8 Accounts Receivable_k, Inc. Debit Credit Balance 108. Acoounts Roiva-Oream, Ino. Debit Credit Balance Date Date Dec 31 O Dec. 31 119 Merchandic Inventory Debit Credit Balance 128 Computer Supplies Debit Credit Date Dec 31 Mar. O Balance GRO 3.480 7,600 2.810 3.430 7.600 4170 4,850 GBD Date Dec 31 Jan. 07 Jan 13 Jan 15 Jan 17 Can24 Jan 26 Jan 25 Fob. 03 Feb 23 Mar 25 TE 485 4.299 9.400 13.68 9,118 4570 2480 6.554 2.042 128 Prepaid Insurance Debit Credit 131 Prepaid Rent Debit Credit Date Date Balance Balance 1.936 Dec. 31 2.536 3.380 187 Computer Equipment Debit Credit Balance 21,000 188 Acoumulated Depreciation-Computer Equipment Debit Credit Balenge Dec. 31 1.240 Dec 31 201 Accounts Payable Debit Credit 210 Wagac Payable Credit Date Bingo Balance 1.240 Dec 31 820 7.600 Jan 04 0 8.840 1.240 7,600 Date Dec 31 Jan Oy Jan 17 Jan 24 Jan 26 Fab. var. OB Mar. 19 486 9.400 754 10.154 1.240 4,050 8.914 2.810 301 8. Ray, Capital Debit Credit Date 208 Unearned Computer Bervicat Revenue Date Debit Credit Balance Dec. 31 1.450 Jan 11 Dec. 31 Jan 05 Balance 81,840 105.740 23.500 302 8. Ray, Withdrawal Debit Credit Date Date Feb 15 Balance 4.670 408 Computer Bervices Revenu Debit Credit 6.850 Balance 6.850 4.030 10.80 Jan 16 Mar. 16 Mar. 24 16. 230 25.317 9.ORT 413 Bales Debit Credit 4300 Balance Date Jan 20 414 Balet Returns and Allowance Debit Credit GOD Balance 600 Jan 13 Jan 25 Fob. 23 Mar. 25 Mar. 30 4300 10. 120 13.500 16.30 3.380 2990 2.250 18.630 Date 415 Sales Dicoount Debit Credit 37 Balance 37 602 Coct of Goods Gold Debit Credit 3.430 Balance 3.430 Jan 22 10.390 Date Jan 13 Jan Feb. 23 Mar. 25 Mar. 30 13.820 15.20 2.480 2.042 1.18 18.3221 19.510 812 Depreciation Expans-Office Equipment Date Debit Credit Balance 818 Depreciation Expands-Computer Equipment Date Debit Credit Balance 837 Insurance Expanca Debit Credit Date Balance 820 Viegac Expance Debit Credit 206 2.050 1,640 Balance 206 Date Jan 04 Jan 31 Feb. 26 2.25 3.996 840 Rent Expense Debit Credit 862 Computer Supplies Expense Debit Credit Date Balance Date Balance Date 855 Advertising Expence Debit Credit SBD Date Balance 580 878 Mileage Expense Debit Credit 192 Fab. Os Feb. 27 Mar. 31 Balance 192 299 877 Miscellaneous Expancas Debit Credit Balance 854 Repair Expands-Computer Credit Date Debit Balance BUSINESS SOLUTIONS Partial Work Sheet March 31, 2018 Unadjusted Trial Balance Dr. Cr. 62,191 Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. 62,191 164 No. Account Title 101 Cash 108.1 Alex's Engineering Co. 108.2 Wildcat Services 108.3 Easy Leasing 103.4 IFM Co. 108.5 Liu Corp. 105.8 Gomez Co. 105.7 Delta Co. 108.8 KC, Inc. 105.9 Dream, Inc. 119 Merchandise inventory 128 Computer supplies 128 Prepaid insurance 131 Prepaid rent 163 Office equipment Accumulated depreciation Office equipment 167 Computer equipment 168 Accumulated depreciation Computer equipment 201 Accounts payable Wages payable 238 Unearned computer services revenue 301 S. Rey. Capital 302 S. Rey, Withdrawals 403 Computer services revenue 413 Sales Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 813 Depreciation expense-Computer equipment 623 Wages expense 637 Insurance expense 840 Rent expense Computer supplies expense 655 Advertising expense 678 Mileage expense 677 Miscellaneous expenses 684 Repairs expense-Computer Totals 210 414 652 62,191 62, 191 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 $2015. b. Three more months have expired since the company purchased its annual Insurance policy at a $2,580 cost for 12 months of coverage. c Lyn Addie has not been paid for seven days of work at the rate of $205 per day. d. Three months have passed since any prepaid rent has been transferred to expense. The monthly rent expense is $845. e. Depreciation on the computer equipment for January 1 through March 31 is $1.240. f. Depreciation on the office equipment for January 1 through March 31 is $290. 9. The March 31 amount of merchandise Inventory still available totals $654. BUSINESS SOLUTIONS Balance Sheet March 31, 2018 Assets Current assets 0 Total current assets Plant assets Office Equipment, net 0 0 Computer equipment, net Total plant assets Total assets 0 $ Liabilities Current liabilities Equity $ Total liabilities and equity $ 0