Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help me to find answerstoo these questions. T. Pharoah made an additional investment in the business of $9,920 in March. Prepare an owner's equity
Please help me to find answerstoo these questions.
T. Pharoah made an additional investment in the business of $9,920 in March. Prepare an owner's equity statement for the month of March. (List items that increase owner's equity first.) Prepare an income statement for the month of March. (Enter negative amounts using either a negative sign preceding the number e.g A5 armanamtheree a o (A5)1 View Policies Current Attempt in Progress The trial balance columns of the worksheet for Pharoah Roofing at March 31, 2022, are as follows. Other data: 1. A physical count reveals only $400 of roofing supplies on hand. 2. Depreciation for March is $260. 3. Unearned revenue amounted to $150 at March 31. 4. Accrued salaries are $600. Complete the worksheet. Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amnuinte I Journalize the closing entries from the financial statement columns of the worksheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare a classified balance sheet at March 31. (List Current Assets in order of liquidity.) PHAROAHROOFING Balance Sheet Assets $ Liabilities and Owner's Equity $ $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started