Problem 4.-2: The trial balance columns of the worksheet for Firmament Roofing at March 31, 2014, are as follows.

Firmament Roffing

Trial Balance

For the Month Ended March 31, 2014

Trial Balance_____

Account Titles Dr. Cr.__

Cash 2,720

Accounts Receivable 2,700

Supplies 1,500

Equipment 11,000

Accumulated Depreciation Equipment 1,250

Accounts Payable 2,500

Unearned Service Revenue 550

Share Capital Ordinary 10,000

Dividends 1,100

Service Revenue 6,300

Salaries and Wages Expense 1,300

Miscellaneous Expense 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) Journalize the adjusting entries.

(b) Journalize the closing entries.

(c) Prepare an income statement and a retained earnings statement for the month of March and a classified statement of Financial Position at March 31.