Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance columns of the worksheet for Ivanhoe Roofing at March 31, 2020, are as follows (amounts in thousands) Other data: 1. A physical

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

The trial balance columns of the worksheet for Ivanhoe Roofing at March 31, 2020, are as follows (amounts in thousands) Other data: 1. A physical count reveals only 414 of roofing supplies on hand. 2. Depreciation for March is 215. Other data: 1. A physical count reveals only 414 of roofing supplies on hand. 2. Depreciation for March is 215. 3. Unearned revenue amounted to 223 at March 31 . 4. Accrued salaries are 602. Complete the worksheet. Question 3 of 3 Question 3 of 3 11 Worksheet as/ui v2/assessment player/mdex htmliaunchld 28bd77b9-932e-44b4-a00e-25d3837/9e-41/4/question/2 Question 3 of 3 11 Prenare an income statement for the month of March. (Enter negative amounts using either a negative sion nreredina tho numher e Prepare an retained earnings statement for the month of March. (List items that increase retained earnings first.) Prepare a classified statement of financial position at March 31. (List Current Assets in the reverse order of liquidity.) Question 3 of 3 /1 7 Equity and Liabilities ] Date Account Titles and Explanation Debit Credit Mar. 31 (To record supplies on hand) Mar. 31 (To record depreciation) Mar. 31 (To record unearned revenue) Mar. 31 (To record salaries accrued) eTextbankandMedia 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 Entry" for the account titles and enter 0 for the amounts.) The trial balance columns of the worksheet for Ivanhoe Roofing at March 31, 2020, are as follows (amounts in thousands) Other data: 1. A physical count reveals only 414 of roofing supplies on hand. 2. Depreciation for March is 215. Other data: 1. A physical count reveals only 414 of roofing supplies on hand. 2. Depreciation for March is 215. 3. Unearned revenue amounted to 223 at March 31 . 4. Accrued salaries are 602. Complete the worksheet. Question 3 of 3 Question 3 of 3 11 Worksheet as/ui v2/assessment player/mdex htmliaunchld 28bd77b9-932e-44b4-a00e-25d3837/9e-41/4/question/2 Question 3 of 3 11 Prenare an income statement for the month of March. (Enter negative amounts using either a negative sion nreredina tho numher e Prepare an retained earnings statement for the month of March. (List items that increase retained earnings first.) Prepare a classified statement of financial position at March 31. (List Current Assets in the reverse order of liquidity.) Question 3 of 3 /1 7 Equity and Liabilities ] Date Account Titles and Explanation Debit Credit Mar. 31 (To record supplies on hand) Mar. 31 (To record depreciation) Mar. 31 (To record unearned revenue) Mar. 31 (To record salaries accrued) eTextbankandMedia 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 Entry" for the account titles and enter 0 for the amounts.)

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_2

Step: 3

blur-text-image_3

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

From Zero To Zen Secret Keys To Nurturing Your Numbers And Finding Financial Flow

Authors: Liz Lajoie

1st Edition

1683507045, 978-1683507048

More Books

Students also viewed these Accounting questions

Question

Explain how memory is measured.

Answered: 1 week ago

Question

=+1 What would you do if you were the IHR manager?

Answered: 1 week ago