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Prepare an income statement for the month of March. (Enter negative amounts using eit BLOSSOM ROOFING Income Statement For the Month Ended March 31, 2020

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Prepare an income statement for the month of March. (Enter negative amounts using eit BLOSSOM ROOFING Income Statement For the Month Ended March 31, 2020 Revenues Service Revenue 6480 Expenses > Salaries and Wages Expense 2050 Miscellaneous Expense 430 1890 Supplies Expense 248 Depreciation Expense > 4618 Total Expenses 1862 Net Income / (Loss) BLOSSOM ROOFING Owner's Equity Statement For the Month Ended March 31, 2020 V 2900 Owner's Capital, March 1 $ Add Net Income (Loss) 1862 9942 Investments 11804 14704 Less 1030 Drawings 13674 Owner's Capital, March 31 Click if you would like to Show Work for this question: Open Show Work BLOSSOM ROOFING Balance Sheet March 31, 2020 Assets Current Assets Cash 4200 Accounts Receivable 3300 Supplies 400 Total Current Assets 7900 Property, plant and Equipment Equipment 10912 Less Accumulated Depreciation Equipment 1488 9424 Total Asset 17324 Liabilities and Owner's Equity Liabilities and Owner's Equity 1 Current Liabili 2790 Accounts Payable $ 160 Uneared Service Revenue 700 Salaries and Wages Payable 3650 Total Current Liabilities Owner's Equity 13674 Owner's Capital 17324 Total Liabilities and owner's Equity .............. for the ninetinn. non Show War Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit accou Date Account Titles and Explanation Debit Credit Mar. 31 (Adjusting entry for supplies) Mar. 31 (Adjusting entry for depreciation) Mar. 31 (Adjusting entry for unearned service revenue) Mar. 31 (Adjusting entry for salaries and wages expenses) Blossom Roofing Worksheet For the Month Ended March 31, 2020 Trial Balance Account Titles Dr. Cr. Cash 4,200 Accounts Receivable 3,300 Supplies 2,290 Equipment 10,912 Accumulated Depreciation-Equipment 1,240 Accounts Payable 2,790 Unearned Service Revenue 640 Owner's Capital 12,842 Owner's Drawings 1,030 Service Revenue 6,000 Salaries and Wages Expense 1,350 Miscellaneous Expense 430 23,512 23,512 Other data: 1. 2. A physical count reveals only $400 of roofing supplies on hand. Depreciation for March is $248. Unearned revenue amounted to $160 at March 31. Accrued salaries are $700. 3. 4

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