P4-1B The trial balance columns of the worksheet for Firmament Roofing at March 31, 2014, are as follows. Prepare worksheet, financial statements, and adjusting and closing entries. (LO 1, 2, 6) Firmament Roofing Worksheet For the Month Ended March 31, 2014 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Share Capital-Ordinary Dividends Service Revenue Salaries and Wages Expense Miscellaneous Expense Trial Balance Dr. Cr. 2,720 2,700 1,500 11,000 1,250 2,500 550 10,000 1,100 6,300 1,300 280 20,600 20,600 Other data: 1. A physical count reveals only $550 of roofing supplies on hand. 2. Depreciation for March is $250. 3. Unearned revenue amounted to $290 at March 31. 4. Accrued salaries are $480. Instructions (a) Enter the trial balance on a worksheet and complete the worksheet. (b) Prepare an income statement and a retained earnings statement for the month of March and a classified statement of financial position at March 31. Ordinary shares were issued in exchange for $10,000 cash at the beginning of 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. (a) Adjusted trial balance $21,330 (b) Net income $3,300 Total assets $15,470 Complete worksheet: prepare financial statements, closing entries, and post-closing trial balance. (LO 1, 2, 3,6) P4-2B The adjusted trial balance columns of the worksheet for Eagle Company, owned by Jeff Spiegel, are shown on the next page