LAMPERT ROOFING

Worksheet

For the Month Ended March 31, 2022

Account Titles		Trial Balance
		Dr.		Cr.
Cash Accounts Receivable Supplies Equipment Accumulated DepreciationEquipment Accounts Payable Unearned Service Revenue Owners Capital Owners Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Totals		4,500 3,200 2,000 11,000 1,100 1,300 400 23,500		1,250 2,500 550 12,900 6,300 23,500

Other data

1. A physical count reveals only $480 of roofing supplies on hand
2. Depreciation for March is $250
3. Unearned revenue amounted to $260
4. Accrued Miscellaneous expenses are $700
5. Prepaid salaries $300

Instructions:

Each student from the group as per your assigned names will prepare: (2x5=10 marks )

1. Adjusting journal entries (2.5)
2. Posting of adjustments(2.5)
3. Adjusted trial balance (2)
4. Income statement(1)
5. Balance sheet(2)