Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pronghorn Roofing Income Statement For the Year Ended March 31, 2022 Revenues Service Revenue 6,800 Expenses Salaries and Wages Expense S 1,500 Supplies Expense 1,800

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Pronghorn Roofing Income Statement For the Year Ended March 31, 2022 Revenues Service Revenue 6,800 Expenses Salaries and Wages Expense S 1,500 Supplies Expense 1,800 Depreciation Expense 251 Miscellaneous Expense 480 Total Expenses 4.031 Net Income /(Loss) $ 2.769 Pronghorn Roofing Worksheet For the Month Ended March 31, 2022 Trial Balance Account Titles Dr. Cr. Cash 4.800 Accounts Receivable 3,100 Supplies 2,500 Equipment 11,044 Accumulated Depreciation-Equipment 1,255 Accounts Payable 2,200 Unearned Service Revenue 600 Common Stock 11,569 Retained Earnings 2,100 Dividends 1,100 Service Revenue 6,800 Retained Earnings 2,100 Dividends 1.100 Service Revenue 6,800 Salaries and Wages Expense 1,500 Miscellaneous Expense 480 24.524 24,524 Other data: 1. A physical count reveals only $700 of roofing supplies on hand. 2. Depreciation for March is $251. 3. Unearned service revenue amounted to $200 at March 31. 4 Accrued salaries are $800. Question 14 of 14

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

Principles Of Islamic Accounting

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

1st Edition

1119023297, 9781119023296

More Books

Students also viewed these Accounting questions

Question

Be prepared to discuss your career plans.

Answered: 1 week ago