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10 of 12 View Policies Current Attempt in Progress > The trial balance columns of the worksheet for Blossom Roofing at March 31, 2020, are
10 of 12 View Policies Current Attempt in Progress > The trial balance columns of the worksheet for Blossom Roofing at March 31, 2020, are as follows. Blossom Roofing Worksheet For the Month Ended March 31, 2020 Trial Balance Account Titles Cash Dr. Cr. 4,200 Accounts Receivable 3,300 Supplies Equipment 2,290 10,912 Accumulated Depreciation-Equipment 1,240 Accounts Payable 2,790 Unearned Service Revenue 640 Owner's Capital 12,842 Owner's Drawings 1,030 Service Revenue 6,000 Salaries and Wages Expense 1,350 Miscellaneous Expense 430 23.512 23,512 Other data: A physical count reveals only $400 of roofing supplies on hand. Depreciation for March is $248. 1. 2. 3. Unearned revenue amounted to $160 at March 31. 4. Accrued salaries are $700. Complete the worksheet. BLOSSOM ROOFING -/1 Question 10 of 12 < > Complete the worksheet. Cash BLOSSOM ROOFING Worksheet Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr Dr. Cr. Dr. Cr Dr. Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue 4,200 3,300 2,290 10,912 1.030 1,240 2,790 640 12,842 6,000 Salaries and Wages Expense 1,350 Miscellaneous Expense Totals 430 23,512 23,512 Supplies Expense Depreciation Expense Salaries and Wages Payable Totals Net Income Totals Prepare an income statement for the month of March. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg. (45).) BLOSSOM ROOFING Income Statement eTextbook and Media List of Accounts $ $ T. Blossom made an additional investment in the business of $9,942 in March. Prepare an owner's equity statement for the month of March. (List items that increase owner's equity first) BLOSSOM ROOFING Owner's Equity Statement v : eTextbook and Media List of Accounts $ Question 10 of 12 < > eTextbook and Media List of Accounts BLOSSOM ROOFING Balance Sheet Assets Liabilities and Owner's Equity $ $ $ $ 69 $ Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Mar. 31 (Adjusting entry for supplies) Mar. 31 (Adjusting entry for depreciation) Mar. 31 (Adjusting entry for unearned service revenue) (Adjusting entry for salaries and wages expenses) eTextbook and Media List of Accounts Journalize the closing entries from the financial statement columns of the worksheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Mar. 31 (To close revenue account) Mar. 31 (To close expense accounts) Mar. 31 (To close net income/(loss)) (To close drawings) eTextbook and Media List of Accounts
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