\begin{tabular}{|c|c|c|c|c|c|} \hline \multirow[t]{2}{*}{32} & March 24 & Accounts receivable-Easy Leasing & 2 & 9,167 & \\ \hline & & Computer services revenue & 0 & & 9,167 \\ \hline \multirow[t]{2}{*}{33} & March 25 & Accounts receivable-Wildcat Services & 0 & 2,870 & \\ \hline & & Sales & 0 & & 2,870 \\ \hline \multirow[t]{2}{*}{34} & March 25 & Cost of goods sold & 2 & 2,072 & \\ \hline & & Merchandise inventory & 0 & & 2,072 \\ \hline \multirow[t]{2}{*}{35} & March 30 & Accounts receivable-IFM Company & 0 & 2,290 & \\ \hline & & Sales & 0 & & 2,290 \\ \hline \multirow[t]{2}{*}{36} & March 30 & Cost of goods sold & Q & 1,248 & \\ \hline & & Merchandise inventory & 0 & & 1,248 \\ \hline \multirow[t]{2}{*}{37} & March 31 & Mileage expense & 0 & 960 & \\ \hline & & Cash & 0 & & 960 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline 16 & January 26 & Cost of goods sold & 0 & 4,590 & \\ \hline & & Merchandise inventory & 0 & & 4,5900 \\ \hline \multirow[t]{2}{*}{17} & January 31 & Wages expense & 0 & 2,1500 & \\ \hline & & Cash & 0 & & 2,1500 \\ \hline \multirow[t]{2}{*}{18} & February 01 & Propaid rent & 0 & 2,5950 & \\ \hline & & Cash & 0 & & 2,595 \\ \hline \multirow[t]{3}{*}{19} & February 03 & Accounts payable & 0 & 9,004 & \\ \hline & & Merchandise inventory & 0 & & 950 \\ \hline & & Cash & 0 & & 8,909 \\ \hline \multirow[t]{2}{*}{20} & February 05 & Advertising expense & 0 & 5800 & \\ \hline & & Cash & 0 & & 5800 \\ \hline \multirow[t]{2}{*}{21} & February 11 & Cash & 0 & 5,4700 & \\ \hline & & Accounts recelvable-Alex's Engineering Company & 0 & & 5,470 \\ \hline \multirow[t]{2}{*}{22} & February 15 & Santana Rey, Withdrawals & 0 & 4,600 & \\ \hline & & Cash & 0 & & 4,600 \\ \hline \multirow[t]{2}{*}{23} & February 23 & Accounts receivable-Deita Company & 0 & 3,3700 & \\ \hline & & Sales & 0 & & 3,3700 \\ \hline \multirow[t]{2}{*}{24} & February 23 & Cost of goods sold & 0 & 2,460 & \\ \hline & & Merchandise inventory & 0 & & 2,4600 \\ \hline \multirow[t]{2}{*}{25} & February 26 & Wages expense & 0 & 1,7200 & \\ \hline & & Cash & e & & 1,7200 \\ \hline \multirow[t]{2}{*}{26} & Feoruary 27 & Mleage expense & 0 & 2560 & \\ \hline & & Cash & 0 & & 2560 \\ \hline \multirow[t]{2}{*}{27} & March OB & Computer supplies & 0 & 2,7600 & \\ \hline & & Accounts payable & 0 & & 2,7600 \\ \hline \multirow[t]{2}{*}{28} & March 09 & Cash & 0 & 3,3700 & \\ \hline & & Accounts receivable-Delta Company & 0 & & 3,3700 \\ \hline \multirow[t]{2}{*}{29} & March 11 & Repairs expense-Computer & 0 & 8900 & \\ \hline & & Cash & 0 & & 8900 \\ \hline \multirow[t]{2}{*}{30} & March 16 & Cash & 0 & 5,3100 & \\ \hline & & Computer services revenue & 0 & & 5,3100 \\ \hline \multirow[t]{2}{*}{31} & March 19 & Accounts payable & & 4,0200 & \\ \hline & & Cash & 0 & & 4,020 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline No & Date & General Journal & Debit & Credit \\ \hline \multirow[t]{3}{*}{1} & January 04 & Wages payable & 8600 & \\ \hline & & Wages expense & 2150 & \\ \hline & & Cash & & 1,075 \\ \hline \multirow[t]{2}{*}{2} & January os & Cash & 24,8000 & \\ \hline & & Santana Rey, Capital & & 24,8000 \\ \hline \multirow[t]{2}{*}{3} & January 07 & Merchandise inventory & 7,100 & \\ \hline & & Accounts payable & & 7,100 \\ \hline \multirow[t]{2}{*}{4} & January 09 & Cash & 2,7180 & \\ \hline & & Accounts receivable-Gomez Company & & 2,7180 \\ \hline \multirow[t]{3}{*}{5} & January 11 & Uneamed computer services rovenue & 1,4500 & \\ \hline & & Accounts receivable-Alex's Engineering Compary & 5,470 & \\ \hline & & Computer services revenue & & 6,920 \\ \hline \multirow[t]{2}{*}{6} & January 13 & Accounts receivable-Liu Corporation & 4,2000 & \\ \hline & & Sales & & 4,200 \\ \hline \multirow[t]{2}{*}{7} & January 13 & Cost of goods sold & 3,5000 & \\ \hline & & Merchandise inventory & & 3,500 \\ \hline \multirow[t]{2}{*}{8} & January 15 & Merchandise inventory & 6400 & \\ \hline & & Cash & & 6400 \\ \hline \multirow[t]{2}{*}{9} & January 16 & Cash & 4,1400 & \\ \hline & & Computer services revenue & & 4,1400 \\ \hline \multirow[t]{3}{*}{10} & January 17 & Accounts payable & 7,1000 & \\ \hline & & Merchandise inventory & & 710 \\ \hline & & Cash & & 7,0290 \\ \hline \multirow[t]{2}{*}{11} & January 20 & Sales returns and allowances & 5000 & \\ \hline & & Accounts receivable - Liu Corporation & & 5000 \\ \hline \multirow[t]{3}{*}{12} & January 22 & Cash & 3,6630 & \\ \hline & & Sales discounts & 370 & \\ \hline & & Accounts recelvablo-Liu Corporation & & 3,700 \\ \hline \multirow[t]{2}{*}{13} & January 24 & Accounts payable & 4960 & \\ \hline & & Merchandise inventory & & 4960 \\ \hline \multirow[t]{2}{*}{14} & January 26 & Merchandise inventory & 9,500 & \\ \hline & & Accounts payable & & 9,500 \\ \hline \multirow[t]{2}{*}{15} & January 26 & Accounts receivabie - KC, incorporated & 5,8900 & \\ \hline & & Sales & & 5,890 \\ \hline \end{tabular} January 4 The company paid 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 accrued in the prior year. January 5 Santana Rey invested an additional $24,800 cash in the company. January 7 The company purchased $7,100 of merchandise from Kansas Corporation with terms of 1/10,n/30, F08 shipping point, invoice dated January 7. January 9 The company received $2,718 cash from Gomez Company as fult payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,470, which is the total price of $6,920 less the advance payment of $1,450. The company debited Unearned Computer Services Revenue for $1,450. January 13 The company sold merchandise with a retail value of $4,200 and a cost of $3,500 to Liu Corporation, invoice dated January 13. January 15 The company paid $640 cash for freight charges on the merchandise purchased on January 7 . January 16 The company received $4,140 cash from Delta Company for computer services provided. 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 $500 to Liu Corporation and credited Liu's accounts receivable for that amount. January 22 The company received the balance due from 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 merchandise invoice cost, net of the discount, was $496. January 26 The company purchased $9,500 of merchandise from Kansas Corporation with terms of 1/10, n/30, F08 destination, invoice dated January 26. January 26 The company sold merchandise with a $4,590 cost for $5,890 on credit to KC, Incorporated, invoice dated January 26. January 31 The company paid cash to Lyn Addie for 10 days' work at $215 per day. February 1 The company paid $2,595 cash to Hillside Mali 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 $496 credit from merchandise returned on January 24. February 5 The company paid $580 cash to Facebook for an advertisement to appear on February 5 only. February 11 The company received the balance due from Alex's Engineering Company for fees billed on January 11. February 15 Santana Rey withdrew $4,600 cash from the company for personal use. February 23 The company sold merchandise with a $2,460 cost for $3,370 on credit to Delta Company, invoice dated February 23. February 26 The company paid cash to Lyn Addie for eight days' work at $215 per day. February 27 The company reimbursed Santana Rey $256 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." March 8 The company purchased $2,760 of computer supplies from Harris office Products on credit with terms of n/30,FOB destination, invoice dated March 8. March 9 The company received the balance due from Delta Company for merchandise sotd on February 23. March 11 The company paid $890 cash for minor repairs to the company's computer. March 16 The company received $5,310 cash from Dream, Incorporated, for computing services provided. March 19 The company paid the full amount due of $4,020 to Harris office Products, consisting of amounts created on December 15 (of $1,260 ) and March 8 . March 24 The company billed Easy Leasing for $9,167 of computing services provided. March 25 The company sold merchandise with a $2,072 cost for $2,870 on credit to witdcat Services, invoice dated March 25. March 30 The company sold merchandise with a $1,248 cost for $2,290 on credit to IFM Company, invoice dated March 30. March 31 The company reimbursed Santana Rey $96 cash for business automobile mileage. The conpany recorded the reimbursement 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 $2,065. b. Prepaid Insurance coverage of $627 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 $2,595 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,190. f. Depreciation on the office equipment for January 1 through March 31 is $390. g. The March 31 amount of merchandise inventory still available totals $644. Adjusting entries: 6. Prepare a classified balance sheet (from the adjusted trial balance) as of March 31, 2022. (Report Accounts receivable as a single amount.) 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. of tware. The company will ase this merchandise. umbers 119,413,414,415, and s2) are added to lts generat teager to accommodate the company's new mercnandising activities. Its transactions for January through March follow
