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2. (2 points) Before starting Part 4 you should ensure that your general ledger balances agree with the March 31, 2022 balances provided in
2. (2 points) Before starting Part 4 you should ensure that your general ledger balances agree with the March 31, 2022 balances provided in this folder. 3. (4 points) Using the Unadjusted trial balance you prepared in part 3, prepare a partial work sheet in Excel consisting of the first seven columns that includes the unadjusted trial balance, the March 31 adjustments (a) through (g), and the adjusted trial balance. Use formulas where applicable. Do not prepare closing entries and do not journalize the adjustments or post them to the ledger. 4. (8 points) Prepare the following financial statements: 1. Income statement for the three months ended March 31, 2022. Use a single-step format. 2. Statement of retained earnings for the three months ended March 31, 2022. 3. Classified balance sheet (from the adjusted trial balance) as of March 31, 2022. 4. Statement of cash flows using the indirect method for the three months ended March 31, 2022. Owner Raymond Santana contributed $15,000 to the business in exchange for additional stock in the first quarter of 2022 and has received cash dividends.
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