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The trial balance columns of the worksheet for Pharoah Roofing at March 31, 2020, are as follows (amounts in thousands). Pharoah Roofing Worksheet For the
The trial balance columns of the worksheet for Pharoah Roofing at March 31, 2020, are as follows (amounts in thousands). Pharoah Roofing Worksheet For the Month Ended March 31, 2020 Trial Balance Account Titles Debit Credit Cash 5,130 Accounts Receivable 3,648 Supplies 2.280 Equipment 12,540 Accumulated Depreciation-Equipment 1,425 Accounts Payable 2,850 Unearned Service Revenue 627 Share Capital-Ordinary 14,706 Dividends 1,254 Service Revenue 7,182 Salaries and Wages Expense 1,482 Miscellaneous Expense 456 26.790 2678 26,790 Other data: 1. A physical count reveals only 554 of roofing supplies on hand. 2. Depreciation for March is 285. 3. Unearned revenue amounted to #293 at March 31. 4. Accrued salaries are \798. par Lidl Prepare an retained earnings statement for the month of March. (List items that increase retained earnings first.) PHAROAH ROOFING Retained Earnings Statement For the Month Ended March 31, 2020 V Net Income /(Loss) Add V: Net Income /(Loss) 2769 2769 Less V: Dividends - 1254 i Dividends 1515 PHAROAH ROOFING Statement of Financial Position March 31, 2020 Assets Property, plant and Equipment Equipment 12540 Less V: Accumulated Depreciation-Equipment - 1710 i Total Assets Cash 5130 Accounts Receivable 3648 Supplies 554 Total Assets Total Assets Equity and Liabilities Total Equity Share Capital-Ordinary W 14706 Retained Earnings 1515 Total Assets Current Liabilities Accounts Payable 2850 Unearned Service Revenue 293 Salaries and Wages Payable 798 Total Equitv and Liabilities Total Equity and Liabilities
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