prepare a statement of owner's equity (from adjusted trial balance in part 3) for the three months ended March 31, 2020

Santana Rey created Business Solutions on October 1, 2019. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2019. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts Debit $48,372 Credit o 3.000 0 2,660 0 NO Account Tele 101 Cash 106.1 Alex Ingineering co. 195.2 Wildcat Services 106.3 Tasy Lessing 106.4 LPX Co. 106.5 Liu Corp. 106.6 Gomes Co. 105.7 Deltaco 105.B RC, Inc. 106.) Denon, Inc. 119 Merchandise Laventory 120 Computer supplies 120 Prepaid innan 131 Prepaid tunt 163 otticoat Accumulated depreciation office equipment 167 164 computer equipo 201 Accumulated depreciation Computer giant Recent payable 210 Wage payable 236 Ured computer services reven 361 hey, Capital 103 3. hay. Withdrawal 403 bet viens un 613 Sale return and ti si 502 Cost of goods and 513 Depreciatinoic aqusant 613 Donecopter quant 0 580 1.665 825 8,000 30.000 400 1.250 1.100 500 1,500 30,360 0 0 0 (Prey 5 6 IFF Nad > G Search or type S 2 3 5 6 8 9 w E R T Y U 0 S D F G H J K C V B N. M . E cnart or accounts. Credit Debit $48,372 0 0 0 3,000 0 2,668 0 0 0 0 580 1,665 825 8,000 400 20,000 No. Account Title 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Easy Leasing 106.4 IFM Co. 106.5 Liu Corp. 106.6 Gomez Co. 106.7 Delta Co. 106.8 KC, Inc. 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplies 128 Prepaid insurance 131 Prepai 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 301 S. Rey, Capital 302 S. Rey, Withdrawals 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 Computer supplies expense 655 Advertising expense Mileage expense 677 Miscellaneous expenses Repairs expense-Computer 1,250 1.100 500 1,500 801360 0 0 DOO 0 In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 110./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: Jan. 4 The company paid cash to Lyn Addie for five days work at the rate of $125 per day. Four of the live days relate to wages payable that were accrued in the prior year. 5. Santana Rey invested an additional $25,000 cash in the company. 7 The company purchased 55.100 of merchandise from Kansas Corp. with terms of 1/10, 1/30, POB shipping point, invoice dated January 7. The company received $2,668 cash from Comet Co. a full payment on to account. 11 The company completed a five-day project for Alex's Engineering Co. and bled it $5,500, which is the total price of 53.000 less the advance payment of $1,500. The company debited Onearned computer Services Revenge for $1.500. 1) The company sold merchandise with a retail value of $5,200 and a cost of $3.560 to Liu Corp., invoice dated January 13. 15 The company paid $600 cash tor treight charges on the merchandise purebased on January 7. 16 The company received 58,000 cash from Delta Co. for computer services provided 17 The company paid Kansas Corp. for the invoice dated January 7, not of the discount. 20. The company wave price cedoction allowance) of $500 to L Corp., and credited to account receivable for that amount. 3 The company received the balance due ton il Corp., net of the discount and the allowance. 24 The company returned defective merchandise to Kansas Corp. And accepted a credit against future purchases debited accounts payable). The defective merchande invoice cost, net of the discount, was $496 26 The The company purchased $3,000 of merchandise from Kansas Corp. with term of 1/10, 1/30, Pos destination, voor dated January 26 26 The company sold seconde vith 54,640 root for $5,000 credit to xe, the invoice dated Janar 25, * The coepeny peld cash to T. Adde for 10 days work $125 per day. 1 The company paid $2,675. aahtoleide wall to another three months to advance. the company ass Corp. for the balance due, net of the cash discount, less the 3496 en torchase returned on Jan 24 3 company paid 5600 cash to Facebook for an advertisement to appear on Try only 11 They received the balance de from Alex's Inginerie co for fees billed on January 11. 15 Santana Ney Wide 54,600 cash from the company for per 33 e consolidad & 11,660 for $3,220 on credit to Deltaco de dated Pery 21 26. The compaidah toly Adderalght day work at 915 per day 97 Theresantan By 6112 for alle stage. The company recorded the HE the cut3.750 or control from Harris ofte Produtos edit with me Search or type URL $ 2 3 4 5 7 CO- W E R . U 0 P. S D F G H J K January 26. 31 The company paid cash to Lyn Addie for 10 days' work at $125 per day. Tob. 1. The company paid $2,475 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 $496. credit from merchandise returned on January 24. 5 The company paid $600 cash to Facebook for an advertisement to appear on February 5 only. 11 The company received the balance due from Alex'. Engineering Co. for fees billed on January 11. 15 Santana Rey withdrew 54,800 cash from the company for personal use. 23 The company sold merchandise with a $2,660 cost for $3,220 on credit to Delta Co., Invoice dated Tebruary 23. 26 the company paid cash to Lyn Adate for eight days' work at 1125 per day. 27 The company reimbursed Santana Roy $192 for business automobile mileage. The company recorded the reimbursement as Mileage Expense. Mar. The company purchased $2,730 of computer supplies from Harris office Products on credit with terms of a/30, Ton destination, Invoice dated March B. 9 The company received the balance due from Delta Co. for merchandise sold on February 2). 11 The company paid $960 cash for minor repairs to the company's computer. 16 The company received $5,260 cash from Dres, They or competing services provided. 19 The company paid the full amount due of $3,B30 to larris office Products. conting of amounta created on December 15 ( $1,100) and March 8. 24 The company billed Easy Leasing for $9,047 of computing services provided 25 The company old merchandise with a $2,002 coat for $2.800 on credit to Wildcat Services, Invoice dated March 25. 10 The company told merchandise with a $1,048 cost for $2,220 on credit to company. Invoice dated Mar 30 11. The company reimbursed Santana May $128 for business automobile mileage. The company recorded the rement au longe pense." 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 $2.005. b. Prepaid Insurance coverage of $555 expired during this 3-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $125 per day d. Prepaid rent of $2,475 expired during this 3-month period e. Depreciation on the computer equipment for January 1 through March 31 is $1250 t. Depreciation on the office equipment for January 1 through March 31 is $400. The March 31 amount of merchandise inventory still available totals $704 A Dranatean momen the rain for the the months and March 123 Search or type URL S 3 4 5 6 7 8 9 0 W E E R. . Y U P F G H K Check my work Required information Prepare a o-column worksheet (Surinar to the one shown in exid 3.15) that includes the unadjusted trial Darance, the waren madjustments (a) through (g), and the adjusted trial balance. Do not prepare closing entries and do not journalize the djustments or post them to the ledger. BUSINESS SOLUTIONS Partial Work Sheet March 31, 2020 Unadjusted Trial Balance Dr. Cr. Adjusted Trial Balance No. Adjustments Dr. Cr. Cr. 68,057 Dr. 68,057 2,800 2,800 9,047 5,220 9,047 5220 Account Titio 101 Cash 106.1 Alex's Engineering Co. 106.2 Wildcat Services 106.3 Easy Leasing 106.4 FM Co. 106.5 Liu Corp. 106.6 Gomez Co. 106.7 Delta Coc 106.8 KC, Inc 106.9 Dream, Inc. 119 Merchandise inventory 126 Computer supplies 128 Prepaid Insurance 131 Prepaid rent 5,800 5,800 846 3,310 1,665 3,300 142 1,305 555 2,475 704 2,005 1.110 825 HAR 5,800 5,800 846 3,310 1,665 3,300 8,000 142 1,305 555 2,475 704 2,005 1.110 825 8,000 400 400 800 20,000 20,000 106.6 Gomez Co. 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 Uneamed computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 Computer services revenue 413 Sales |414 Sales returns and allowances 415 Sales discounts 502 Cost of goods sold 612 Depreciation expense-Office equipment 1,250 1,250 2,500 875 875 105,360 105,360 4,800 4.800 25,307 25,307 19,240 19.240 500 47 500 47 14,052 400 13,910 142 400 G TRE BE 1,250 1.250 2,500 875 875 105,360 105,360 4.800 4,800 25,307 19,240 25,307 19,240 500 168 Accumulated depreciation - Computer equipment 201 Accounts payable 210 Wages payable 236 Unearned computer services revenue 301 S. Rey, Capital 302 S. Rey, Withdrawals 403 Computer services revenue 413 Sales 414 Sales returns and allowances 415 Salos discounts 502 Cost of goods sold 612 Depreciation expense-Oflice equipment 613 Depreciation expense-Computer equipment 623 Wages exponse 637 Insurance expense 640 Ront expense 652 Computer supplies expense 655 Advertining expense 676 Mileage expense Miscellaneous expenses 084 Repairs expense Computer Total 500 47 13,910 47 2.375 142 400 1.250 875 565 2.475 1,305 14,052 400 1,250 3,250 555 2,475 1.305 600 320 600 320 677 1980 151,557 900 154,082 151,557 7,002 7.002 154 082 Check m 5 preparation: Part 5 of 6 a. The March 31 amount of computer supplies still available totals $2,005. b. Prepaid Insurance coverage of $555 expired during this 3-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $125 per day d. Prepaid rent of $2,475 expired during this 3-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,250. f. Depreciation on the office equipment for January 1 through March 31 is $400. g. The March 31 amount of merchandise inventory still available totals $704. 01:38:00 eBook 5. Prepare a statement of owner's equity (from the adjusted trial balance in part 3) for the three months ended March 31, 202 BUSINESS SOLUTIONS Statement of Owner's Equity For Three Months Ended March 31, 2020 S. Rey, Capital, Dec 31, 2019 Add: Net Income Less: Withdrawals by owner 0 S. Rey, Capital, March 31, 2020 $ 0