1. Services performed but unbilled and uncollected at March 31 was $210. 2. Depreciation on equipment for the month was $260. 3. One-sixth of the insurance expired. 4. An inventory count shows $290 of cleaning supplies on hand at March 31. 5. Accrued but unpaid employee salaries were $1,120. 6. One month of the prepaid rent has expired. 7. One month of interest expense related to the note payable has accrued and will be paid April 1. Sr. Date Account Titles and Explanation Debit 1. Mar. 31 Accounts Receivable Service Revenue 2. Mar. 31 Depreciation Expense Accumulated Depreciation-Equipment 3. Mar. 31 Insurance Expense Prepaid Insurance 4. Mar. 31 Supplies Expense Supplies 5. Mar. 31 Salaries and Wages Expense Salaries and Wages Payable 6. Mar. 31 Rent Expense Prepaid Rent 7. Mar. 31 Interest Expense Interest Payable 210 260 400 1790 1120 500 30 Credit 210 260 400 1790 1120 500 30 3/1 Cash 15,600 3/1 8,300 3/1 6,000 3/2 1,500 3/21 1,660 3/3 2,400 3/18 520 3/20 1,820 3/31 360 3/31 940 3/31 Bal. 7,420 Accounts Receivable 3/14 3/28 3/31 3,850 3/21 1.660 4,370 210 3/31 Bal. 6770 Supplies 3/6 3/31 Bal. Prepaid Rent 3/2 2,080 3/31 1790 290 500 1,500 3/31 3/31 Bal. 1000 Prepaid Insurance 3/3 2,400 3/31 400 3/31 Bal. 2000 Equipment 3/1 3/31 Bal. 8,300 8,300 Accumulated Depreciation-Equipment Notes Payable 3/31 3/31 Bal. 3/1 6,000 3/31 Bal. 6,000 Accounts Payable 3/18 520 3/6 2,080 3/31 Bal. 1,560 Salaries and Wages Payable 3/31 260 260 1120 3/31 Bal. 1120 Interest Payable Common Stock Dividends 3/31 Service Revenue Maintenance and Repairs Expense 3/31 Supplies Expense 3/31 940 360 3/31 3/31 Bal. 3/1 15,600 3/31 Bal. 15,600 1790 3/14 3/28 3/31 30 30 3,850 4,370 210 3/31 Bal. 8430 Depreciation Expense 3/31 Insurance Expense 3/31 Salaries and Wages Expense 3/20 3/31 260 400 1,820 1120 2940 3/31 Bal. Rent Expense 3/31 Interest Expense 3/31 500 30 Cash Accounts Receivable Supplies Prepald Rent Prepald Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Pavable Interest Payable Common Stock Dividends Service Revenue SARASOTA CLEANERS Trial Balance March 31, 2022 Debit Credit 7420 $ 6770 290 1000 2000 8300 940 Maintenance and Repairs Expense 360 Supplies Expense Depreciation Expense Insurance Expense 1790 260 400 Salaries and Wages Expense 2940 Rent Expense Interest Expense Totals 500 30 260 6000 1560 1120 30 15600 8430 33000 $ 33000 Revenues Service Revenue Expenses Maintenance and Repairs Expense Supplies Expense SARASOTA CLEANERS Income Statement For the Month Ended March 31, 2022 10 360 i 1790 Depreciation Expense 260 i Insurance Expense 400 i Salaries and Wages Expense 2940 i Rent Expense 500 i Interest Expense Total Expenses Net Income/(Loss) 30 i 8,430 6280 i 2150 SARASOTA CLEANERS Retained Earnings Statement For the Month Ended March 31, 2022 Retained Earnings, March 1 Add Net Income/(Loss) Less Dividends Retained Earnings, March 31 $ +A 2150 2150 940 i 1210 SARASOTA CLEANERS Balance Sheet Assets $ $ Liabilities and Stockholders' Equity