Question
I have already finished the entries and part of the problem. It still has 4 parts though which I would appreciate some help if possible.
I have already finished the entries and part of the problem. It still has 4 parts though which I would appreciate some help if possible.
1. T. Warren made an additional investment in the business of $9,399 in March. Prepare an owners equity statement for the month of March. (List items that increase owner's equity first.) Prepare an owners equity statement for march.
2. PREPARE A CLASSIFIED BALANCE SHEET FOR MARCH 31
3.journalize the adjusting entries from the adjustment colums of the worksheet.
4. Journalize the closing entries for the financial statement coulmns of worksheet.
Problem 4-1A (Part Level Submission)
The trial balance columns of the worksheet for Warren Roofing at March 31, 2017, are as follows.
WARREN ROOFING Worksheet For the Month Ended March 31, 2017 | ||||
Trial Balance | ||||
Account Titles | Dr. | Cr. | ||
Cash | 5,000 | |||
Accounts Receivable | 3,300 | |||
Supplies | 2,140 | |||
Equipment | 10,604 | |||
Accumulated DepreciationEquipment | 1,205 | |||
Accounts Payable | 2,850 | |||
Unearned Service Revenue | 450 | |||
Owners Capital | 12,299 | |||
Owners Drawings | 1,060 | |||
Service Revenue | 6,800 | |||
Salaries and Wages Expense | 1,070 | |||
Miscellaneous Expense | 430 | |||
23,604 | 23,604 |
Other data:
1. | A physical count reveals only $600 of roofing supplies on hand. | |
2. | Depreciation for March is $241. | |
3. | Unearned revenue amounted to $190 at March 31. | |
4. | Accrued salaries are $800. |
I have already finished the entries and part of the problem. It still has 4 parts though which I would appreciate some help if possible.
1. T. Warren made an additional investment in the business of $9,399 in March. Prepare an owners equity statement for the month of March. (List items that increase owner's equity first.) Prepare an owners equity statement for march.
2. PREPARE A CLASSIFIED BALANCE SHEET FOR MARCH 31
3. journalize the adjusting entries from the adjustment colums of the worksheet.
4. Journalize the closing entries for the financial statement coulmns of worksheet.
Chegg is not letting me upload cleaner photos the information should be enough since it was all I had to setup the question.
M Your answer is correct. Compl count Titles Supplies Equipme ted Dept Wages Ex plies iation Expe 530C 2050 1540 2050 T T 3300
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