T. Sheridan made an additional investment in the business of $8,923 in March. owner's equity statement for the month of March.(List items that increase owner's equity first.)
The trial balance columns of the worksheet for Sheridan Roofing at March 31, 2020, are as follows. Sheridan Roofing Worksheet For the Month Ended March 31, 2020 Trial Balance Account Titles Dr. Cr. Cash 4,800 Accounts Receivable 3,000 Supplies 2,070 Equipment 10,868 Accumulated Depreciation-Equipment 1,235 Accounts Payable 2,970 Unearned Service Revenue 520 Owner's Capital 11,823 Owner's Drawings 1,130 Service Revenue 6,700 Salaries and Wages Expense 1,000 Miscellaneous Expense 380 23,248 23,248 Other data: 1. A physical count reveals only $600 of roofing supplies on hand. 2. Depreciation for March is $247. 3. Unearned revenue amounted to $190 at March 31. 4. Accrued salaries are $800.Complete the worksheet. SHERIDAN ROOFING Worksheet For the Month Ended March 31, 2020 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr Er. Or. Er. Dr. Er. Dr. Cr. Cash 4,800 4800 4800 Accounts Receivable 3,000 3000 3000 Supplies 2,070 1470 600 600 Equipment 10,868 10868 10868 Accumulated Depreciation-Equipment 1,235 247 1482 1482 Accounts Payable 2,970 2970 2970 Unearned Service Revenue 520 3300 190 190 Owner's Capital 11,823 11823 11823 Owner's Drawings 1,130 1800 1130 Service Revenue 6,700 800 7030 7030 Salaries and Wages Expense 1,000 1800 1800 Miscellaneous Expense 380 380 380 Totals 23,248 23,248 Supplies Expense 1470 1470 1470 Depreciation Expense 247 247 247 Salaries and Wages Payable 800 300 300 Totals 23248 23248 2847 389 7030 20398 17265 Net Income 3133 3133 Totals 7030 7030 20398 20398 Click if you would like to Show Work for this question: Open Show WorkPrepare 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).) SHERIDAN ROOFING Income Statement For the Month Ended March 31, 2020 Revenues Service Revenue 7030 Expenses Salaries and Wages Expense 1800 Miscellaneous Expense 380 Supplies Expense 1470 Depreciation Expense 247 Total Expenses 3897 Net Income / (Loss) 3133 Click if you would like to Show Work for this question: Open Show Work(62) T. Sheridan made an additional investment in the business of $8,923 in March. Prepare an owner's equity statement for the month of March. (List items that increase owner's equity first.) SHERIDAN ROOFING Owner's Equity Statement v Click if you would like to Show Work for this question: Open Show Work