The following account balances are provided for eXactoReproductions, Inc. at March 31, 2018: Title...

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Accounting

The following account balances are provided for eXactoReproductions, Inc. at March 31, 2018: Title Balance Accountspayable $ 84,000 Accounts receivable 70,000 Note payable (dueOctober 1, 2018) 202,000 Cash 50,000 Commissions payable 46,000Common stock (no par) 250,000 Equipment (net) 474,850 Interestpayable 300 Interest receivable 150 Short-term investments 38,000Prepaid expenses 24,000 Retained earnings 84,700 Supplies 40,000Unearned revenue 30,000
All April 2018 transactions follow: 1. Provided services onaccount for a total of $355,000. 2. Customers redeemed gift cardsfor $21,000 in services. 3. Used $28,000 in supplies. 4. Sold aninvestment costing $18,000 for $22,000 cash. 5. Paid accountspayable of $77,000. 6. Collected $356,000 on customer accounts. 7.Issued common stock for $125,000. 8. Purchased a $75,000 printer inexchange for a note payable due on March 1, 2020. 9. Paid $203,000in salaries including a $13,000 advance on a May salary. 10. Paid$86,000 in commissions including March commissions. 11. Received a$1,500 bill for March utilities. 12. Paid $2,350 for April and Mayradio advertisements. 13. Received an interest payment of $300including the interest accrued at 3/31/2018. 14. Paid $9,000 forApril rent. 15. Paid income tax expense of $33,000.
a. Prepare a classified balance sheet at March 31, 2018. b.Prepare T-accounts for each of the accounts provided. Enterbeginning balances. Record each of the April transactions in theT-accounts and calculate ending balance for each account. Createnew accounts as necessary. c. Prepare a statement of cash flow forthe month of April in good form. Use the statements on pages 77 and135 as your guide.

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In: AccountingThe following account balances are provided for eXactoReproductions, Inc. at March 31, 2018: Title Balance...The following account balances are provided for eXactoReproductions, Inc. at March 31, 2018: Title Balance Accountspayable $ 84,000 Accounts receivable 70,000 Note payable (dueOctober 1, 2018) 202,000 Cash 50,000 Commissions payable 46,000Common stock (no par) 250,000 Equipment (net) 474,850 Interestpayable 300 Interest receivable 150 Short-term investments 38,000Prepaid expenses 24,000 Retained earnings 84,700 Supplies 40,000Unearned revenue 30,000All April 2018 transactions follow: 1. Provided services onaccount for a total of $355,000. 2. Customers redeemed gift cardsfor $21,000 in services. 3. Used $28,000 in supplies. 4. Sold aninvestment costing $18,000 for $22,000 cash. 5. Paid accountspayable of $77,000. 6. Collected $356,000 on customer accounts. 7.Issued common stock for $125,000. 8. Purchased a $75,000 printer inexchange for a note payable due on March 1, 2020. 9. Paid $203,000in salaries including a $13,000 advance on a May salary. 10. Paid$86,000 in commissions including March commissions. 11. Received a$1,500 bill for March utilities. 12. Paid $2,350 for April and Mayradio advertisements. 13. Received an interest payment of $300including the interest accrued at 3/31/2018. 14. Paid $9,000 forApril rent. 15. Paid income tax expense of $33,000.a. Prepare a classified balance sheet at March 31, 2018. b.Prepare T-accounts for each of the accounts provided. Enterbeginning balances. Record each of the April transactions in theT-accounts and calculate ending balance for each account. Createnew accounts as necessary. c. Prepare a statement of cash flow forthe month of April in good form. Use the statements on pages 77 and135 as your guide.