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The trial balance columns of the worksheet for Monty at March 31, 2019, are as follows. Cr. Monty Worksheet For the Month Ended March 31,
The trial balance columns of the worksheet for Monty at March 31, 2019, are as follows. Cr. Monty Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Dr. Cash 4,800 Accounts Receivable 3,000 Supplies 2,500 Equipment 11,440 Accumulated Depreciation, 1,300 Equipment Accounts Payable 2,400 Unearned Service Revenue 700 Common Stock 11,020 Retained Earnings 3,100 Dividends 1,100 Service Revenue 6,000 Salaries and Wages Expense 1,300 Miscellaneous Expense 380 24,520 24,520 Other data: 1. A physical count reveals only $700 of roofing supplies on hand. 2. Depreciation for March is $260. 3. Unearned service revenue amounted to $180 at March 31. 4. Accrued salaries are $600. Monty Worksheet Trial Balance Adjustments Adjusted Trial Balance Dr. Income Statement Dr. Cr. Balance Sheet Dr. Cr. Account Titles Cr. Dr. Cr. Dr. 4,800 Cash Accounts Receivable 3,000 Supplies 2,500 Equipment 11,440 Accumulated Depreciation-Equipment Accounts Payable 1,300 2,400 700 Unearned Service Revenue Common Stock 11,020 Retained Earnings Dividends Service Revenue 3,100 1,100 6,000 1,300 380 24,520 24,520 Salaries and Wages Expense Miscellaneous Expense Totals Supplies Expense Depreciation Expense Salaries and Wages Payable Totals Net Income Totals Prepare an income statement for the month of March. (Enter negative ar Monty Income Statement Prepare a retained earnings statement for the month of March. (List it Monty Retained Earnings Statement Prepare a classified balance sheet at March 31. (List Current Assets in order of liquidi Monty Balance Sheet Assets Liabilities and Stockholders' Equity Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account Debit Credit Date Account Titles and Explanation Mar. 31 (To record adjusting entry for supplies.) Mar. 31 (To record adjusting entry for depreciation.) Mar. 31 (To record adjusting entry for unearned service revenue.) Mar. 31 (To record adjusting entry for salaries and wages expenses.) Journalize the closing entries from the financial statement columns of the worksheet. (Credit account Debit Credit Date Account Titles and Explanation Mar. 31 (To close revenue account.) Mar. 31 (To close expense accounts.) Mar. 31 (To close net income / (loss).) Mar. 31 (To close dividends.) Click if you would like to Show Work for this question: Open Show Work
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