Part II: Zen Experiences Inc. had the following business activities for the first month of its operations, March 2021:

March 1:Received $6,500 from various customers for future travel packages to be provided in May.

Mar 2: Sold $35,000 of travel packages to Yallen Corporation. Yallen paid Zen Experiences $15,000 asked to be billed for the remainder.

Mar 16: Received a $190 utility bill for March to be paid in April.

Mar 28: Paid employee wages of $3,900 incurred in March.