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I need more explanation. explanation on chegg is not enough. P 4 - 1 A Prepare a worksheet, financial statements, and adjusting and closing entries
I need more explanation. explanation on chegg is not enough. PA Prepare a worksheet, financial statements, and adjusting and closing entries
The trial balance columns of the worksheet for Lampert Roofing at March are as follows.
LAMPERT ROOFING
Worksheet
For the Month Ended March
Trial Balance
Account Titles Dr Cr
Cash
Accounts Receivable
Supplies
Equipment
Accumulated DepreciationEquipment
Accounts Payable
Unearned Service Revenue
Common Stock
Retained Earnings
Dividends
Service Revenue
Salaries and Wages Expense
Miscellaneous Expense
Other data:
A physical count reveals only $ of supplies on hand.
Depreciation for March is $
Unearned service revenue amounted to $ at March
Accrued salaries and wages are $
Instructions:
a Enter the trial balance on a worksheet and complete the worksheet.
b Prepare an income statement and retained earnings statement for the month of March
and a classified balance sheet at March
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.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a
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