IMUS, 39 seconds. estion Completion Status: On January 1 of the current year, Victoria Garza, the sole stockholder, began Garza Dcor with an initial investment of $50,000 cash in exchange for common stock. On December 31, her records showed the following items and amounts. Accounts payable $12,000 Office Furnishings $40,000 Accounts receivable 19.000 Rent expense 9,600 Cash 21,200 Salaries expense 4,200 Dividends 6,000 Telephone expense 250 Fees earned 34,000 Common stock 50,000 Notes payable 4.250 Required: From the information given above, prepare a statement of retained earnings for the year ended December 31 TT T Arial 3 (12pt) March 5 The company purchased office equipment for $1,000 on credit. March 14 The company completed a $5,000 project for a client who must pay within 30 days. March 26 The company pays for the office equipment purchased on March 5. March 28 The company receives $5,000 cash from client billed on March 14 March 31 The company pays a utility bill for $800. March 31 Prepare the adjusting entry for the insurance expired as of March 31 Click Save and Submit to save and submit. Click Save AZ Answers to save all ansuers. O Type here to search