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200 4 Completing the Accounting Cycle Other data: 1. A physical count reveals only $550 of roofing supplies on hand. 2. Depreciation for March is

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200 4 Completing the Accounting Cycle Other data: 1. A physical count reveals only $550 of roofing supplies on hand. 2. Depreciation for March is $250. 3. Unearned revenue amounted to $210 at March 31 4. Accrued salaries are $700. (a) Adjusted trial balance S24,450 Instructions (a) Enter the trial balance on a worksheet and complete the worksheet (b) Net income S2,540 (b) Prepare an income statement and owner's equity statement for the month of M Total assets $17750 and a classified balance sheet at March 31. C. Lampert made an additional invest in the business of $10,000 in March. ent (c) Journalize the adjusting entries from the adjustments columns of the worksheet (d) Journalize the closing entries from the financial statement columns of the worksheet

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