Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*Practice Problem 1 (Part Level Submission) The bw balance columns of the worksheet for Culumber Roofing at March 31, 2020, are as follows Cullumber Roofing

image text in transcribed
*Practice Problem 1 (Part Level Submission) The bw balance columns of the worksheet for Culumber Roofing at March 31, 2020, are as follows Cullumber Roofing Worksheet For the Month Ended March 31, 2020 Trial Balance Account Titles Dr. Cr. Cash 4,600 Accounts Receivable 3,300 Supplies 2,330 Equipment 10,956 Accumulated Depreciation-Equipment Accounts Payable 2.420 Unearned Service Revenue Owner's Capital 12,481 Owner's Drawings 1,080 Service Revenue Salaries and Wages Expense 1,010 Miscellaneous Expense 23,736 23,736 Other data: 1. A physical count reveals only $500 of roofing supplies on hand 2. Depreciation for March is $249. 3. Unearned revenue amounted to $230 at March 31. 4. Accrued salaries are $600. Complete the worksheet CULLUMBER ROOFING Worksheet Adjustments Dr. Adjusted Trial Balance Dr. Income Statement Dr. Cr. Balance Sheet Dr. Cr. Cash Trial Balance Account Tities Dr. Cr. 4,600 Accounts Receivable 3,300 Supplies 2,330 Equipment 10,956 Accumulated Depreciation Equipment 1,245 Accounts Payable 2,420 Unearned Service Revenue 690 Owner's Capital 12,481 Owner's Drawings 1,080 Service Revenue 6,900 Salaries and Wages Expense 1,010 Miscellaneous Expense 460 Totals 23,736 23,736 Supplies Expense Depreciation Expense Salaries and Wages Payable Totals Net Income Totals Attempts of 3 used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing The Food And Beverage Operation An Operational Audit Approach Volume 1

Authors: Hans L. Steiniger Certified Public Accountant Certified Internal Auditor

1st Edition

1424167698, 978-1424167692

More Books

Students also viewed these Accounting questions

Question

2. Describe how technology can impact intercultural interaction.

Answered: 1 week ago

Question

7. Define cultural space.

Answered: 1 week ago