5 ProblemCh. 3 ClassworkCashAccounts 1SuppliesInventoryPrepaid InPrepaid ReOffice EquAccumulatAccounts 1Notes PayUnearnedProblemGeneral JournalCashAccounts ISuppliesInventoryChart of AccountsM4 Engineering began operations in January of 2020. M4 Engineering providesstructural engineering services to local these parks.Listed below are some transaction from the first quarter of 2020.a) On January 1, the owners deposited $200,000 into the business bank account in exchange forCommon Stock.b) On January 2, M4 Engineering signed a 1-year lease for an office building in Long Beach. Theowner required the rent for the year be paid in advance. M4 Engineering gave the landlord a checkfor $30,000.Ch. 3 ClassworkPrepaid InPrepaid ReOffice EquCommon StockRetained EarningsDividendsc) On January 5, M4 Engineering signed a $75,000 contract to provide engineering services beginningon April 1.d) On January 31, M4 Engineering bought $7,500 of office supplies on account.AccumulatAccounts INotes PayaUnearned]e) On February 10, M4 Engineering paid the utility bills of $300.1) On February 15, M4 Engineering bought computers and other Office Equipment on account for$20,000.g) On February 28, M4 Engineering received $50,000 advance payment for work that will beginon April 1.Fees EarnedSalesCost of Goods SoldDepreciation ExpenseInsurance ExpenseRent ExpenseSupplies ExpenseUtility ExpenseWages ExpenseT AccountsGeneral JournalChart of AccountsCommon StockRetained EarningsDividendsTBT AccountsFees EarnedSalesCost of Goods SoldDepreciation ExpenseInsurance ExpenseRent ExpenseSupplies ExpenseUtility ExpenseWages ExpenseOn March 31, the CFO reviewed M4 Engineering's books and noted the following:h) Employees were owed $12,000 for hours work in March.TBAJESi) Only $1 200 of supplies were still on hand.i) Three months of rent had expired (been used).k) The March 31 utility bill had not been received. The CFO expects that $320 of utility services wereused.I) $25,000 of the engineering work related to transactions (c) and (g) have been completed.Update the T-accounts and make Adjusting Journal Entries (AJEs) to reflect the needed adjustments.AJESAdjTBISAdjTBStmt of SEISBSStmt of SEBS ProblemExpenses:Total ExpensesProblemGeneral JournalM4 Engineering, Inc.Income StatementGeneral JournalBalances, January 1, 2020Issued Common StockM4 Engineering, Inc.Statement of Stockholders' EquityBalances, March 31, 2020T Accounts TBCommon StockShannon Macias:Statement DateT AccountsRetainedEarningsShannon Macias:Statement DateTotalTBAJESAdjTBAJES AdjTBISISStmt of SEStmt of SEE

Problem Expenses: General Journal M4 Engineering, Inc. Income Statement Total Expenses Problem General Journal Balances, January 1, 2020 Issued Common Stock 0 Common Stock 0 T Accounts M4 Engineering, Inc. Statement of Stockholders' Equity Shannon Macias: Statement Date T Accounts Retained Earnings Shannon Macias: Statement Date Total 0 0 0 AJES TB TB AdjTB AJES AdjTB IS IS Stmt of SE Stmt of S