Sheridan Roofing Worksheet For the Month Ended March 31, 2020
		Trial Balance
Account Titles		Dr.		Cr.
Cash		4,800
Accounts Receivable		2,800
Supplies		1,930
Equipment		10,868
Accumulated DepreciationEquipment				1,235
Accounts Payable				2,530
Unearned Service Revenue				490
Owners Capital				12,663
Owners Drawings		1,130
Service Revenue				6,400
Salaries and Wages Expense		1,390
Miscellaneous Expense		400
		23,318		23,318

Other data:

1.		A physical count reveals only $400 of roofing supplies on hand.
2.		Depreciation for March is $247.
3.		Unearned revenue amounted to $210 at March 31.
4.		Accrued salaries are $600.

MAKE A WORKSHEET

THEN

Prepare an income statement for the month of March. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

THEN

T. Sheridan made an additional investment in the business of $9,763 in March. Prepare an owners equity statement for the month of March. (List items that increase owner's equity first.)

THEN

Prepare a classified balance sheet at March 31. (List Current Assets in order of liquidity.)

THEN

Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

THEN

Journalize the closing entries from the financial statement columns of the worksheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)