Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Could someone help me with the equity statement? Other data: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's

Could someone help me with the equity statement?
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Other data: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense 1. 2. 3. Crane Roofing Worksheet For the Month Ended March 31, 2022 4. Account Titles Trial Balance Dr. 5,000 3,700 1,950 10,868 1,160 1,490 390 24,558 Cr. 1,235 2,390 680 13,353 6,900 24,558 A physical count reveals only $500 of roofing supplies on hand. Depreciation for March is $247. Unearned revenue amounted to $180 at March 31. Accrued salaries are $600. In magy 1.700 OPT WOENS AND 24 10 BO BOD H BADD BBA - D WILL D 10 D WIE T.Crane made an additional investment in the business of $10.453 in March. Prepare an owner's equity statement for the month of March. (List Items that increase owner's equity first.) CRANE ROOFING Owner's Equity Statement For the Month Ended March 31, 2022 Owner's Capital, March 11 Add Investments Net Income/(Loss) Less : Drawings Owner's Capital, March 31 10453 1160 Revenues Service Revenue Expenses Depreciation Expense Supplies Expense Salaries and Wages Expense Miscellaneous Expense Total Expenses Net Income /(Loss) CRANE ROOFING Income Statement For the Month Ended March 31, 2022 +A 247 i 1450 i 2090 i 390 i 7400 4177 3223

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

Payroll Accounting

Authors: Bernard J. Bieg, Judith A. Toland

2013 edition

113396253X, 978-1133962533

More Books

Students also viewed these Accounting questions