Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blue Spruce Roofing Worksheet For the Month Ended March 31, 2022 Trial Balance Account Titles Dr. Cr. Cash 4,200 Accounts Receivable 2,800 Supplies 2,500

image text in transcribedimage text in transcribed

Blue Spruce Roofing Worksheet For the Month Ended March 31, 2022 Trial Balance Account Titles Dr. Cr. Cash 4,200 Accounts Receivable 2,800 Supplies 2,500 Equipment 10,824 Accumulated Depreciation-Equipment 1,230 Accounts Payable 2,900 Unearned Service Revenue 400 Common Stock 9,794 Retained Earnings 2,100 Dividends 1,200 Service Revenue 6,600 Salaries and Wages Expense 1,000 Miscellaneous Expense 500 23,024 23,024 Other data: 1. 2. A physical count reveals only $700 of roofing supplies on hand. Depreciation for March is $246. 3. Unearned service revenue amounted to $190 at March 31. 4. Accrued salaries are $800. Prepare a classified balance sheet at March 31. (List Current Assets in order of liquidity.) Blue Spruce Roofing Balance Sheet Assets eTextbook and Media List of Accounts $ 69 Liabilities and Stockholders' Equity $ 69 $ $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

13th edition

978-1-119-4110, 1119411483, 9781119411017, 978-1119411482

More Books

Students also viewed these Accounting questions

Question

What is the use of bootstrap program?

Answered: 1 week ago

Question

What is a process and process table?

Answered: 1 week ago

Question

What is Industrial Economics and Theory of Firm?

Answered: 1 week ago