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: 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: Jan. 4 The company paid cash to Lyn Addie for five days' work at the rate of $165 per day. Four of the tive days relate to vages payable that were accrued in the prior year. 5 Santana rey invested an additional $23,900cash in the company in exchange for more common stock. 7 The company purchased $7,500 of merchandise from Kansas Corp. With terms of 1/10,n/30, FOa shipping point, invoice dated January 7. 9 The coopany received $2,688 cash from comez co. as full payment on its account. 11 The company completed a five-day project for Alex's Ingineering co. and billed it $5,420, which is the total price of $6,910 less the advance payment of $1,490. The company debited Unearned computer services Revenve for $1,490. 13 The company sold merchandise with a retail value of $4,400 and a cost of $3,430 to Lid corp., invoice dated January 13. 15 The company paid $690 cash for freight chargen on the merchandine purchased on January 7. 16 The cospany received $4,170 cash from Delta Co. for computer services provided. 17 The corpany paid Kansas Corp. for the Involee dated January 7 , net of the discount. 20 The company gave a price reduction (allowance) of $700 to Liu corp., and eredited Liu's accounti receivable for that amount. 22 The company received the balance due from Liu corp... Wet of the discount and the allovance. 24 The company returned defective merchandine to Kansas corp. and accepted a credit against future parchases (debited accounte payable). The defective merchandioe invoice cost, net of the dilscount, was $496. 26 The company purchased $9,400 of merchandise from Kansas corp. With terna of 1/10, n/30, roa destination, invoice dated January 26 . 26 The company sold nerchandise with a $4,570 cost for $5,870 on oredit to kC, Ine, invoice dated 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 avallable 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 tive days' work at the rate of $165 per day. Four of the tive days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23,900 cash in the company in exchange for more common stock. 7 The company purehased $7,500 of merehandise from Kansas Corp. With terna of 1/10, n/30, FOB shipping point, invoice dated January 7. 9 The company received $2,688 cash from Gonez co. as full payment on 1 ts account. 11 The coorpany conpleted a five-day project for Alex's Engineering co. and billed it $5,420, which is the total price of $6,910 less the advance payment of $1,490. The conpany debited Unearned Computer services revenue for $1,490. 13 The company sold merehandise with a retail value of $4,400 and a cost of $3,430 to Liu corp., invoice dated January 13. 15 The company paid $690 cash for freight eharges on the merchandiae purchased on Jantary 7. 16 The company received $4,170 cash from belta co. for computer services provided. 17 The company paid Kansas corp. for the involee dated January 7 , net of the discount. 20 The company gave a price reduction (allowance) of \$700 to hiu corp., and eredited Liu" I accounts recetvable for that amount. 22. The company received the balance due fron Lif Corp., net of the discount and the allovance. 24 The company returned defective merchandise to Kansas corp. and accepted a eredit against future purchases (debited accounta payable). The defective merchandise invoice cost, net of the discount, was $496. 26 The company purchased $9,400 of merchandise from kansas corp. with terms of 1/10,n/30, FOB destination, invoice dated January 26. 26. The company sold merehandise with a $4,570 cont for $5,870 on eredit to KC, Inc., invoice dated January 26 . 31 The company paid cash to Lyn Addie for 10 days' work t $165 per day. Feb. 1 The company paid $2,565 cash to H111 ide Mall for another three months rent in advance. 3 The company paid Kansan Corp. for the bolabce due, net of the cash discount, lesil the $496 credit from merchandine returned on Jantary 24 . 5 the company paid $440 cash to Pacebook for an advertisenent to appear on February 5 only. 11 The company received the balance due from Alex'a Engineering Co. for fees billed on January 11. 15 The company paid a $4,760 cash dividend. Feb. 1 the company paid $2,565 cash to Hillside Moli for anothor three months' rent in advance. 3. The conpany paid Kannas corp. for the balance due, net of the cash diacount, less the \$496 eredit. from merehandise returned on January 24 . 5 The conpany paid $440 cash to Facebook tor an advertisement to appear on February 5 only. 11 The conpany received the balance due from Alex's Engineering Co. for fees billed on January 11. 15 the company paid a $4,760 cash dividend. 23 The compony sold merehandise with a $2,470 cost for $3,350 on credit to delta co., Invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $165 per day. 27 The company reimbursed Santana Rey $320 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." Mar, 8 the company purchased $2,910 of computer supplies from Harris office products on credit with terms of n/30, Fos destination, invoice dated Mareh 8. 9 The cospany received the balance due from Delta Co. for merehandise sold on February 23. 11 the company paid $780 cash for minor repairs to the company's computer. 16 The company received $5,300 cash from Drean, Inc., for computing services provided. 19 The company paid the full amount due of $4,200 to Barris office Produets, consisting of amounts created on December 15 (of $1,290 ) and March 8 . 24 the company billed Easy Leasing for $9,157 of computing services provided. 25 The company sold nerehandise with a $2,192 cost for $2,820 on credit to wildeat services, fnvoice dated March 25 . 30 The company sold nerehandise with a $1,078 cost for $2,260 on eredit to IFM company, invoice dated March 30. 31. The company reimbursed Santana Rey $96 cash for business automobile mileage. The company recorded the reinbursenent 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 $2.005. b. Prepaid Insurance coverage of $609 expired during this 3-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $165 per day. d. Prepaid rent of $2,565 expired during this 3 -month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,070. f. Depreciation on the office equipment for January 1 through March 31 is $340. 6. Prepare a classified balance sheet (from the adjusted trial balance) as of March 31, 2020. 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: 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: Jan. 4 The company paid cash to Lyn Addie for five days' work at the rate of $165 per day. Four of the tive days relate to vages payable that were accrued in the prior year. 5 Santana rey invested an additional $23,900cash in the company in exchange for more common stock. 7 The company purchased $7,500 of merchandise from Kansas Corp. With terms of 1/10,n/30, FOa shipping point, invoice dated January 7. 9 The coopany received $2,688 cash from comez co. as full payment on its account. 11 The company completed a five-day project for Alex's Ingineering co. and billed it $5,420, which is the total price of $6,910 less the advance payment of $1,490. The company debited Unearned computer services Revenve for $1,490. 13 The company sold merchandise with a retail value of $4,400 and a cost of $3,430 to Lid corp., invoice dated January 13. 15 The company paid $690 cash for freight chargen on the merchandine purchased on January 7. 16 The cospany received $4,170 cash from Delta Co. for computer services provided. 17 The corpany paid Kansas Corp. for the Involee dated January 7 , net of the discount. 20 The company gave a price reduction (allowance) of $700 to Liu corp., and eredited Liu's accounti receivable for that amount. 22 The company received the balance due from Liu corp... Wet of the discount and the allovance. 24 The company returned defective merchandine to Kansas corp. and accepted a credit against future parchases (debited accounte payable). The defective merchandioe invoice cost, net of the dilscount, was $496. 26 The company purchased $9,400 of merchandise from Kansas corp. With terna of 1/10, n/30, roa destination, invoice dated January 26 . 26 The company sold nerchandise with a $4,570 cost for $5,870 on oredit to kC, Ine, invoice dated 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 avallable 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 tive days' work at the rate of $165 per day. Four of the tive days relate to wages payable that were accrued in the prior year. 5 Santana Rey invested an additional $23,900 cash in the company in exchange for more common stock. 7 The company purehased $7,500 of merehandise from Kansas Corp. With terna of 1/10, n/30, FOB shipping point, invoice dated January 7. 9 The company received $2,688 cash from Gonez co. as full payment on 1 ts account. 11 The coorpany conpleted a five-day project for Alex's Engineering co. and billed it $5,420, which is the total price of $6,910 less the advance payment of $1,490. The conpany debited Unearned Computer services revenue for $1,490. 13 The company sold merehandise with a retail value of $4,400 and a cost of $3,430 to Liu corp., invoice dated January 13. 15 The company paid $690 cash for freight eharges on the merchandiae purchased on Jantary 7. 16 The company received $4,170 cash from belta co. for computer services provided. 17 The company paid Kansas corp. for the involee dated January 7 , net of the discount. 20 The company gave a price reduction (allowance) of \$700 to hiu corp., and eredited Liu" I accounts recetvable for that amount. 22. The company received the balance due fron Lif Corp., net of the discount and the allovance. 24 The company returned defective merchandise to Kansas corp. and accepted a eredit against future purchases (debited accounta payable). The defective merchandise invoice cost, net of the discount, was $496. 26 The company purchased $9,400 of merchandise from kansas corp. with terms of 1/10,n/30, FOB destination, invoice dated January 26. 26. The company sold merehandise with a $4,570 cont for $5,870 on eredit to KC, Inc., invoice dated January 26 . 31 The company paid cash to Lyn Addie for 10 days' work t $165 per day. Feb. 1 The company paid $2,565 cash to H111 ide Mall for another three months rent in advance. 3 The company paid Kansan Corp. for the bolabce due, net of the cash discount, lesil the $496 credit from merchandine returned on Jantary 24 . 5 the company paid $440 cash to Pacebook for an advertisenent to appear on February 5 only. 11 The company received the balance due from Alex'a Engineering Co. for fees billed on January 11. 15 The company paid a $4,760 cash dividend. Feb. 1 the company paid $2,565 cash to Hillside Moli for anothor three months' rent in advance. 3. The conpany paid Kannas corp. for the balance due, net of the cash diacount, less the \$496 eredit. from merehandise returned on January 24 . 5 The conpany paid $440 cash to Facebook tor an advertisement to appear on February 5 only. 11 The conpany received the balance due from Alex's Engineering Co. for fees billed on January 11. 15 the company paid a $4,760 cash dividend. 23 The compony sold merehandise with a $2,470 cost for $3,350 on credit to delta co., Invoice dated February 23. 26 The company paid cash to Lyn Addie for eight days' work at $165 per day. 27 The company reimbursed Santana Rey $320 cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense." Mar, 8 the company purchased $2,910 of computer supplies from Harris office products on credit with terms of n/30, Fos destination, invoice dated Mareh 8. 9 The cospany received the balance due from Delta Co. for merehandise sold on February 23. 11 the company paid $780 cash for minor repairs to the company's computer. 16 The company received $5,300 cash from Drean, Inc., for computing services provided. 19 The company paid the full amount due of $4,200 to Barris office Produets, consisting of amounts created on December 15 (of $1,290 ) and March 8 . 24 the company billed Easy Leasing for $9,157 of computing services provided. 25 The company sold nerehandise with a $2,192 cost for $2,820 on credit to wildeat services, fnvoice dated March 25 . 30 The company sold nerehandise with a $1,078 cost for $2,260 on eredit to IFM company, invoice dated March 30. 31. The company reimbursed Santana Rey $96 cash for business automobile mileage. The company recorded the reinbursenent 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 $2.005. b. Prepaid Insurance coverage of $609 expired during this 3-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $165 per day. d. Prepaid rent of $2,565 expired during this 3 -month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,070. f. Depreciation on the office equipment for January 1 through March 31 is $340. 6. Prepare a classified balance sheet (from the adjusted trial balance) as of March 31, 2020