SP $4$ Serial Problem Part $5($Algo$)$

$5.$ Prepare a statement of retained earnings $($from the adjusted trial balance in part $3)$ for the three months ended March $31,2022.$ February $15$ The company paid a $\backslash (\backslash$$ $4,650\backslash )$ cash dividend.

February $23$ The company sold merchandise with a $\backslash (\backslash$$ $2,540\backslash )$ cost for $\backslash (\backslash$$ $3,320\backslash )$ on credit to Delta Company, invoice dated February $23.$

February $26$ The company paid cash to Lyn Addie for eight days' work at $\backslash (\backslash$$ $155\backslash )$ per day.

February $27$ The company reimbursed Santana Rey $\backslash (\backslash$$ $256\backslash )$ cash for business automobile mileage. The company recorded the reimbursement as "Mileage Expense."

March $8$ The company purchased $\backslash (\backslash$$ $2,920\backslash )$ 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 sold on February $23.$

March $11$ The company paid $\backslash (\backslash$$ $870\backslash )$ cash for minor repairs to the company's computer.

March $16$ The company received $\backslash (\backslash$$ $5,410\backslash )$ cash from Dream, Incorporated, for computing services provided.

March $19$ The company paid the full amount due of $\backslash (\backslash$$ $4,050\backslash )$ to Harris Office Products, consisting of amounts created on December $15($of $\backslash (\backslash$$ $1,130\backslash ))$ and March $8.$

March $24$ The company billed Easy Leasing for $\backslash (\backslash$$ $9,067\backslash )$ of computing services provided.

March $25$ The company sold merchandise with a $\backslash (\backslash$$ $2,192\backslash )$ cost for $\backslash (\backslash$$ $2,830\backslash )$ on credit to Wildcat Services, invoice dated March $25.$

March $30$ The company sold merchandise with a $\backslash (\backslash$$ $1,238\backslash )$ cost for $\backslash (\backslash$$ $2,250\backslash )$ on credit to IFM Company, invoice dated March $30.$

March $31$ The company reimbursed Santana Rey $\backslash (\backslash$$ $160\backslash )$ cash for business automobile mileage. The company 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 $\backslash (\backslash$$ $2,135\backslash ).$

b$.$ Prepaid Insurance coverage of $\backslash (\backslash$$ $645\backslash )$ expired during this three$-$month period.

c$.$ Lyn Addie has not been paid for seven days of work at the rate of $\backslash (\backslash$$ $155\backslash )$ per day.

d$.$ Prepaid rent of $\backslash (\backslash$$ $2,745\backslash )$ expired during this three$-$month period.

e$.$ Depreciation on the computer equipment for January $1$ through March $31$ is $\backslash$$$1,090.$

f$.$ Depreciation on the office equipment for January $1$ through March $31$ is $\backslash (\backslash$$ $280\backslash ).$

g$.$ The March $31$ amount of merchandise inventory still available totals $\backslash$$$534.$ Required information

SP $4$ Serial Problem Business Solutions $($Algo$)$ LO P$1,$ P$2,$ P$3,$ P$4$

$[$The following information applies to the questions displayed below.$]$

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. $5.$ Prepare a statement of retained earnings $($from the adjusted trial balance in part $3)$ for the three months ended March $31,2022.$