Required information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2021. 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, 2021. 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. 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 nddie for five days work at the rate of $145 per day. Four of the five days relate to wages payable that were accrued in the prio January 5 santana Rey invested an additional $24,500 cash in the company. January 7 The company purchased $6,000 of merchandise from Kangas Corporation with terms of 1/10, n/30, FoB January 7 the company purchased $6,000 of merchandiget January 9 The company received $2,838 cash from Gomez Company as full paynent on its account. January 11 The company completed a five-day project for alex's Engineering Company and billed it \$5,410, which is the total price of $6,870 less the advance payment of $1,460. The company debited which is the total price of $6,870 less the advar January 13 The company gold nerchandise with a retail value of $4,900 and a cost of $3,520 to Liu January 15 The company paid \$750 cash for freight charges on the merchandise purchased on January 7. January 15 The company paid \$750 cash for freight charges on the merchandige purchased on January 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 $800 to Liu Corporation and oredited Liu's 3accounts receivable for that amount. January 22 The company received the balance due from Liu Corporation, net of the digcount 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 merchandige invoice cost, net of the discount, was $486. January 26 The company purchased $9,500 of merchandige from Kangas Corporation with terms of 1/10, n/30, roB January 26 The company purchased $9,500 of merchandige from Kangas Corporation with terma of 1/10, n/30, FoB destination, invoice dated January 26 . January 26 The company sold merchandige with a $4,470 cost for $5,880 on credit to KC, Incorporated, invoice January 26 The company Eold January 31 The company paid cash to Lyn hddie for 10 daya' work at $145 per day. February 1 The company paid $2,715 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 eredit from nerchandige returned on January 24. February 5 The company paid $500 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance due from Mlex's Engineering Company for fees billed on January February 15 s. Rey withdrew $4,700 cash from the company for personal use. February 23 The company gold merchandise with a $2,480 cost for $3,370 on eredit to Delta Company, invoice Pated February 23 . February 26 The company paid cash to Lyn hddie for eight days work at $145 per day. February 27 The company reimbursed Santana key $320 cash for March 8 The company purchased $2,780 of computer gupplies fron Harris office Products on credit with terns of n/30, FOB destination, invoice dated Narch 8 . March 9 The company received the balance due from Delta Company for merchandise sold on February 23. March 16 The company received $5,390 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $3,980 to Harris office Products, consisting of amounts created on December 15 (of $1,200) and March 8 . toder kaxy Leasing for $9,187 of computing gervices provided. March 25 The company Eold March 30 The company sold merchandise with a $1,148 cost for $2,370 on credit to IFM Company, invoice dated March 30. March 31 The company reimbursed Santana Rey $96 cash for business automobile mileage. The company recorded March 31 The company reimbursed Santana Rey $96. the reimbursenent 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 $2,165. b. Prepaid Insurance coverage of $618 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $145 per day. d. Prepaid rent of $2,715 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,160. f. Depreciation on the office equipment for January 1 through March 31 is $250. 6. Prepare a classified balance sheet (from the adjusted trial balance) as of March 31, 2022. (Report Accounts receivable as a single amnunt I Required information [The following information applies to the questions displayed below.] Santana Rey created Business Solutions on October 1, 2021. 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, 2021. 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. 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 nddie for five days work at the rate of $145 per day. Four of the five days relate to wages payable that were accrued in the prio January 5 santana Rey invested an additional $24,500 cash in the company. January 7 The company purchased $6,000 of merchandise from Kangas Corporation with terms of 1/10, n/30, FoB January 7 the company purchased $6,000 of merchandiget January 9 The company received $2,838 cash from Gomez Company as full paynent on its account. January 11 The company completed a five-day project for alex's Engineering Company and billed it \$5,410, which is the total price of $6,870 less the advance payment of $1,460. The company debited which is the total price of $6,870 less the advar January 13 The company gold nerchandise with a retail value of $4,900 and a cost of $3,520 to Liu January 15 The company paid \$750 cash for freight charges on the merchandise purchased on January 7. January 15 The company paid \$750 cash for freight charges on the merchandige purchased on January 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 $800 to Liu Corporation and oredited Liu's 3accounts receivable for that amount. January 22 The company received the balance due from Liu Corporation, net of the digcount 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 merchandige invoice cost, net of the discount, was $486. January 26 The company purchased $9,500 of merchandige from Kangas Corporation with terms of 1/10, n/30, roB January 26 The company purchased $9,500 of merchandige from Kangas Corporation with terma of 1/10, n/30, FoB destination, invoice dated January 26 . January 26 The company sold merchandige with a $4,470 cost for $5,880 on credit to KC, Incorporated, invoice January 26 The company Eold January 31 The company paid cash to Lyn hddie for 10 daya' work at $145 per day. February 1 The company paid $2,715 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 eredit from nerchandige returned on January 24. February 5 The company paid $500 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance due from Mlex's Engineering Company for fees billed on January February 15 s. Rey withdrew $4,700 cash from the company for personal use. February 23 The company gold merchandise with a $2,480 cost for $3,370 on eredit to Delta Company, invoice Pated February 23 . February 26 The company paid cash to Lyn hddie for eight days work at $145 per day. February 27 The company reimbursed Santana key $320 cash for March 8 The company purchased $2,780 of computer gupplies fron Harris office Products on credit with terns of n/30, FOB destination, invoice dated Narch 8 . March 9 The company received the balance due from Delta Company for merchandise sold on February 23. March 16 The company received $5,390 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $3,980 to Harris office Products, consisting of amounts created on December 15 (of $1,200) and March 8 . toder kaxy Leasing for $9,187 of computing gervices provided. March 25 The company Eold March 30 The company sold merchandise with a $1,148 cost for $2,370 on credit to IFM Company, invoice dated March 30. March 31 The company reimbursed Santana Rey $96 cash for business automobile mileage. The company recorded March 31 The company reimbursed Santana Rey $96. the reimbursenent 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 $2,165. b. Prepaid Insurance coverage of $618 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $145 per day. d. Prepaid rent of $2,715 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,160. f. Depreciation on the office equipment for January 1 through March 31 is $250. 6. Prepare a classified balance sheet (from the adjusted trial balance) as of March 31, 2022. (Report Accounts receivable as a single amnunt