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Prepare a classified balance sheet at March 31. Bramble Roofing Worksheet For the Month Ended March 31, 2022 Trial Balance Account Titles Dr. Cr. Cash
Prepare a classified balance sheet at March 31.
Bramble Roofing Worksheet For the Month Ended March 31, 2022 Trial Balance Account Titles Dr. Cr. Cash 4,100 Accounts Receivable 3,000 Supplies 1,500 Equipment 11,352 Accumulated Depreciation Equipment 1,290 Accounts Payable 3,000 Unearned Service Revenue 700 Common Stock 7,422 Retained Earnings 3,700 Dividends 1,100 Service Revenue 6,500 Service Revenue 6,500 Salaries and Wages Expense 1,200 Miscellaneous Expense 360 22,612 22,612 Other data: 1. A physical count reveals only $ 700 of roofing supplies on hand. 2. Depreciation for March is $ 258. Unearned service revenue amounted to $ 200 at March 31. 3. 4. Accrued salaries are $ 800. Balance Sheet March 31, 2022 V Assets Total Assets Cash $ 4100 Accounts Receivable 3000 Supplies 1500 Total Current Assets $ Property, Plant and Equipment Equipment 11352 Less : Accumulated Depreciation Equipment 1290 Total Assets $ Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 3000 Salaries and Wages Payable 800 Unearned Service Revenue 700 Total Current Liabilities $ Stockholders' Equity Common Stock 7422 Retained Earnings 3700 Total Stockholders' Equity Total Liabilities and Stockholders' Equity $Step by Step Solution
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