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The trial balance columns of the worksheet for Crane Roofing at March 31, 2020, are as follows (amounts in thousands). Crane Roofing Worksheet For the

The trial balance columns of the worksheet for Crane Roofing at March 31, 2020, are as follows (amounts in thousands). Crane Roofing Worksheet For the Month Ended March 31, 2020 Trial Balance Account Titles Cash Accounts Receivable Supplies Equipment Debit Credit 5,760 4,096 2,560 14,080 Accumulated Depreciation-Equipment 1,600 Accounts Payable 3,200 Unearned Service Revenue 704 Share Capital-Ordinary 16,512 Dividends 1,408 Service Revenue 8,064 Salaries and Wages Expense 1,664 Miscellaneous Expense 512 30,080 30,080 Other data: 1. 2. A physical count reveals only 624 of roofing supplies on hand. Depreciation for March is 320. 3. Unearned revenue amounted to 328 at March 31. 4. Accrued salaries are 896. CRANE ROOFING Worksheet Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Titles Dr. Dr. Dr. Dr. Dr. 5,760 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Share Capital-Ordinary Dividends Service Revenue 4,096 2,560 14,000 1,408 1,600 3,200 704 16,512 8,064 Salaries and Wages Expense 1,664 Miscellaneous Expense 512 Totals 30,000 30,080 Supplies Expense Depreciation Expense Salaries and Wages Payable Totals Net Income Totals Statement of Financial Position Cr. 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).) CRANE ROOFING Income Statement IIII Prepare an retained earnings statement for the month of March. (List items that increase retained earnings first.) CRANE ROOFING Retained Earnings Statement Prepare a classified statement of financial position at March 31. (List Current Assets in the reverse order of liquidity.) CRANE ROOFING Statement of Financial Position Assets Equity and Liabilities 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. If no entry is required, select "No Entry" for the account titles and ente O for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31 Mar. 31 Mar. 31 Mar. 31 (To record supplies on hand) (To record depreciation) (To record unearned revenue) (To record salaries accrued) 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. If no entry is required, select "No Entr Date Account Titles and Explanation Mar. 31 Debit Credit Mar. 31 (To close revenue account) Mar. 31 Mar. 31 (To close expense accounts) (To close net income/(loss)) (To close dividends)

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