[The following information applies to the questions displayed below] Santana Rey created Busines5 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. of 1110,n/30,FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Numbers. 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 coepany pald cash to Lyn Addie for five days' work at the rate of $215 per day. Four of the five days relate to wages payable that were ocerued in the prior year. January 5 Santana Mey invested an additional $24,800 cash in the company in exchange for mare comon stock. January 7 The company purchased $6,509 of merchandise from Kansas Corporation with terns of 1/10, n/3e, F0e shipping point, invoice dated January 7. January 9 The compony received 52,848 cash from Gomez company as full payaent an its account. January 11 the coepany completed a five-day project for. Alex's Engineering Company and billed it 55, 41e, which is the total price of $6,760 less the advance payment of $1,350. The company debited Unearned computer Services Revenue for $1,350. January 13. The coepany sold merchandise with a retail value of $4,760 and a cost of $3,470 to 1 liu corporation, involice dated January 13. Janvary 15 The company paid 5720 cash for freight charges on the merchandise purchased an January 7. January 16 the company received $4,130 cash from Delta Company for computer services provided. January 17 the company paid Kansas corporation for the invoice dated Janwary 7 , net of the discount. January 20 The compony gove a price reduction (allowance) of \$500 to Liu corporation and credited Liu's accounts recelvable for that anount. January 22 The company recelved the balance due froe 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 nerchandise invoice cost, net of the discount, was 3466 . January 26 The company purchased 89,390 of eerchandise from Kansas Corporation with teres of 1/19, n/30, Foe dest ination, invoice dated January 26. January 26 The company sold merchandise with a 44,590 cost for \$5, 650 on credit to kC, Incorporated, Invoice dated Janusry 26. January 31 the company pald cash to Lyn Addie for 10 days' work at 5215 per day. February 1 The company paid $2,745 cash to Hil1side Mall for another three manths' reat in advance. february 3 the company poid Kansas Corporation for the balance due, net of the cash discount, less the saab credit froe merchandise returned on January 24. Pebruary S The coepany paid S41e cash to Faceboak for an advertisenent to appear on February 5 only. february 11 the company racelved the balance dioe from Alex's tngineering company for fees bilied on January 11. rebruary 23 the company sold erehandise with a \$2,490 cost for 53 , 30 on credit to belta company, involce dated Yebruary 23. Febriary 20 the company paid cash to lyn Addie for elght dayst work at s715 per day, Fetruary 27 The coepary reinbursed Santana Rey 328 cash for business autonobile mileage. The company recorded the reioburseacht as "Hileage Expense." March a the company purchased 12,018 of conputeri supplies from Harris office products on credit with teres of n/3e. fol destination, involce dated harch 8. March 9 The company recelved the balance due from Delta Company for nerchanalse sold on Fehruary 23. March 11 The coepany pald 3030 cash for minor repalris to the company's computer. Harch 16 The company recelved 55,280 cash from Dreas, Incorporated, for computing services provided. Harch 19 the company paid the full abount due of \$4, ele to Harris office Products, consisting of asounts created on Decemter 15. (of 51,220 ) and March 8. Morch 24 The cospany billed tasy leasing far 19,057 of komouting services aroulded. ros destination, invoice dated March E. March 9 The coepany recelved the balance due fron Delts Company for merchandise sold on February 23. March 11 the company pald sase cash for minor repairs to the coepany's computer. March 16 The company recelved $5,260 cash from oream, Incorporated, for computing services provided. Warch 19 the compsny paid the fu11 abount due of \$4,030 to Harris Office Products, consisting of anounts created on December 15 (of $1,220 ) and March 8 . March 24 the coepany billed Easy Leasing for 89,857 of computing services provided. March 25 the company sold serchandise with a 52,172 cost for 52,970 on credit to Mildeat services, involce dated March 25 . March 30 The coopany sold serchandise with a $1,113 cost for $2,240 on credit to IFH Company, involce dated March 3.9. Harch 31 The company reinbursed Sintana Rey 5160 cash for business automobile mileage. The company recorded the reinbursement as "mileoge Expense," The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation. 0. The March 31 amount of computer supplies still available totals $2,145 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 $215 per day. d. Prepaid rent of $2.745 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1.060 f. Depreciation on the office equipment for January 1 through March 31 is $370. g. The March 31 amount of merchandise inventory stil available totals $534. 4 Serial Problem Part 6 (Algo) 6. Prepare a classified balance sheet from the adjusted trial balance) as of March 31, 2022 (Report Accounts recelvable as a single