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Problems P4.1 (LO 1, 2, 4), AP Financial Statement The trial balance columns of the worksheet for Warren Roofing at March 31, 2022, are as

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Problems P4.1 (LO 1, 2, 4), AP Financial Statement The trial balance columns of the worksheet for Warren Roofing at March 31, 2022, are as follows: Prepare a worksheet, financial state- ments, and adjusting and dosing entries Excel Warren Roofing Worksheet For the Month Ended March 31, 2022 Trial Balance Dr. Cr 4,500 3,200 2.000 11,000 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense 1,250 2,500 550 12,900 1.100 6,300 1,300 400 23,500 23,500 Other data 1. A physical count reveals only $480 of roofing supplies on hand. 2. Depreciation for March is $250, 3. Unearned revenue amounted to $260 at March 31. 4. Accrued salaries are $700. a. Adjusted trial balance $24,450 b. Net income $2,420, Total assets $17,680 Instructions a. Enter the trial balance on a worksheet and complete the worksheet. b. Prepare an income statement and owner's equity statement for the month of March and a classified balance sheet at March 31. T. Warren made an additional investment in the business of $10,000 in March c. Journalize the adjusting entries from the adjustments columns of the worksheet. d. Journalize the closing entries from the financial statement columns of the worksheet. P4.2 (LO 1, 2, 4), AP Financial Statement The adjusted trial balance columns of the worksheet for Nguyen Company, owned by C. Nguyen, are as follows. Complete worksheet prepare financial statements, closing entries, and post-closing trial balance GLS

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