STILL NEED ANSWER

[ine rollowing 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. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 236: Unearned Computer Services Revonue } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ 307: Common stock } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 403: Computer Services Revenue 414: Sales Returns and Allowances 319: Dividends \begin{tabular}{|l|l|l|l|} \hline Date & D19: Dividends & \\ \hline & Debit & Credit & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Required information \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ 637: Insurance Expense } & \multicolumn{4}{|c|}{ 640: Ront Expense } \\ \hline Date & Dobit & Credit & Balance & Date & Debit & Crodit & Balance \\ \hline \\ \hline \\ \hline & & & & & & & \\ \hline \multicolumn{4}{|c|}{ 652: Computer Supplies Expense } & \multicolumn{4}{|c|}{ 655: Advertising Expense } \\ \hline Date & Doblt & Credit & Balance & Date & Dobit & Credit & Batance \\ \hline & & & & & & & \\ \hline & & & & & +1 & & \\ \hline & & & & & & & \\ \hline \multicolumn{4}{|c|}{ 676: Mileago Expense } & \multicolumn{4}{|c|}{ 677: Miscellaneous Expenses } \\ \hline Date & Debit & Credit & Balance & Date & Debit & Credit & Balance \\ \hline & & & & & & & \\ \hline & + & & & & & & \\ \hline & & & & & & & \\ \hline \multicolumn{4}{|c|}{ 684: Repairs Expense-Computor } & & & & \\ \hline Date & Debit & Credit & Balance & & & is & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline \end{tabular} 5. Prepare a statement of retained earnings (from the adjusted trial balance in part 3) for the three months ended March 31, 2022. In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10,n/30,FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is avallable on consulting fees. Additional accounts (Numbers. 119, 413,414, 415, and 502) are added to its general ledger to accommodate the company's new merchandising activities. Its transactions for January through March follow. January 4 The company paid cash to Lyn Addie for tive days' work at the rate of $125 per day. Four of the five days relate to wages payable that were accrued in the prior year. January 5 Santana Rey invested an additional $25,000 cash in the company in exehange for more common stock. January 7 The company purchased $,800 of merchandise from Kansas Corporation with terms of 1/10, n/30, Fos shipping point, invoice dated January 7. January 9 The company received $2,668 cash from Gomez Company as full payment on its account. January 11 The company completed a five-day project for Alex's Engineering Company and billed it $5,500, which is the total price of $7,000 less the advance payment of $1,500. The company debited Unearned Cosputer Services Revenue for $1,500. January 13 The company sold merchandise with a retail value of $5,200 and a cost of $3,560 to 4.4 Corporation, invoice dated January 13. January 15 The company paid $600 cash for freight charges on the merchandise purchased on Janlary 7 . January 16 The company received $4,000 cash from Delta company for computer services provided. January 17 The eompany paid Kansas Corporation for the invoice dated January 7 , net of the discount. January 20 The company gave a price reduetion (allowance) of $500 to lifu corporation and oredited Liu' if accounta receivable for that amount. January 22 The company received the balance due from tiu corporation, net of the discount and the allowance. January 24 The company returned defective merchandise to Kansas corporation and accepted a credit against future purchases (debited accounts payable). The defective merchandise invoice cost, net of the discount, was $496. January 26 The company purchased $9,000 of merchandise from Kansas corporation with terms of 1/10, n/30, Fos deatination, invoice dated January 26. Prepare an income statement (trom the adjusted trial balance in part 3) for the three months ended March 31,2022. (a) Use a single-step format. List all expenses without differentiating between selling expenses and general and administrative expenses. (1) Required information (1) Required information Assignment Serial Problem - Ch. 4 i Saved (1) Required information \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ 101: Cash } \\ \hline Date & Debit & Credit & Balance \\ \hline \multicolumn{4}{|l|}{ December 31} \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & 4 \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Required information \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 106.2: Accounts Receivable--Wildeat Services } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 106.4: Accounts Receivable-IFM Company \begin{tabular}{|c|c|c|c|} \hline Date: & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ 106.6: Accounts Recelvable-Gomez Company } \\ \hline Date & Deblt & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 106.8: Accounts Recelvable-KC, Incorporated } \\ \hline Date & Dobit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 106.3: Accounts Receivable-Easy Leasing } \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 106.5: Accounts Receivable-Liu Corporation \begin{tabular}{|c|c|c|c|} \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{ 106.7: } & Accounts Receivable-Delta Company \\ \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 106.9: Accounts Receivable-Dream, Incorporated \begin{tabular}{|c|c|c|r|} \hline Date & Debit & Credit & Balance \\ \hline December 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} January 26 The company purchased $9,000 of merchandise from Kansas Corporation with terms of 1/10, n/30, Fos destination, invoice dated January 26. January 26 The company sold merchandise with a $4,640 cost for $5,800 on credit to xc, tncorporated, involce dated January 26. January 31 The company paid cash to Lyn Addie for 10 days" work at $125 per day. February 1 The company pafd $2,475 cash to Hillside Mall for another three months' rent in advance. February 3 The company paid Kansas Corporation for the balance due, net of the canh discount, less the $496 credit from merchandise returned on January 24. Fobruary 5 The company paid $600 cash to Facebook for an advertisenent to appear on rebruary 5 only. February 11 The company received the balance due from Alox's Engineering Company for fees billed on January 11. February 15 The company pald a $4,800 cash dividend. February 23 The company sold merchandise with a $2,660 cost for $3,220 on eredit to Delta ccopany, Invoice dated February 23. February 26 The company paid cash to Lyn Addie for eight days' work at $125 per day. February 27 The company reimbursed Santana Rey $192 cash for businesi automobile mileage. The company recorded the reimbursement as "Mileage Expense." Narch 8 The company purchased $2,730 of computer supplies from Harris office Products on credit with terms of n/30, FOB destination, invoice dated March 8. Mareh 9 The company received the balance due fron Delta Company for merchandise nold on Pebruary 23. Mareh 11 The company paid $960 cash for ninor repairs to the company's computer. March 16 The company received $5,260 cash from Dreas, Incorporated, for computing servicea provided, March 19 The company paid the full amount due of $3,830 to llarris office Products, consisting of amounts created on December 15 (of $1,200 ) and Mareh 8 . March 24 The company billed sasy Leasing for $9,047 of eomputing services provided. March 25 The company sold merchandine with a $2,002 cost for $2,800 on eredit to Wildcat services, invoice dated March 25 . March 30 The company sold merchandite with a $1,048 cost for $2,220 on eredit to IFM company, involee dated Narch 30 . March 31 The company reimbursed Santana Rey $128 cash for business automobile mileage, The conpany recorded the reimbursement an "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 $2,005. b. Prepaid Insurance coverage of $555 expired during this three-month period. c. Lyn Addie has not been paid for seven days of work at the rate of $125 per day. d. Prepaid rent of $2,475 expired during this three-month period. e. Depreciation on the computer equipment for January 1 through March 31 is $1,250