Venzke Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on January 1 appears below: 
Summaries of the transactions completed during January appear below: 
Required:
a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns, the spreadsheet has been divided into two parts that should be side by side. 
b.Prepare a Balance Sheet for the company for January 31.
Definitions:
Advance Payment
A prepayment made before the actual due date or before receiving the goods or services it is meant for.
Terminated Agency
The end of a legal relationship between a principal and an agent, where the agent can no longer act on behalf of the principal.
Secured Lending
A loan or extension of credit where the borrower pledges an asset as collateral to ensure repayment, reducing the risk for the lender.
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreement.
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