Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance columns of the worksheet for Sunland Roofing at March 31, 2022, are as follows. Sunland Roofing Worksheet For the Month Ended

image text in transcribedimage text in transcribed

The trial balance columns of the worksheet for Sunland Roofing at March 31, 2022, are as follows. Sunland Roofing Worksheet For the Month Ended March 31, 2022 Trial Balance Account Titles Cash Accounts Receivable Supplies Equipment Dr. Cr. 4,800 3,300 2,250 10,736 Accumulated Depreciation-Equipment 1,220 Accounts Payable 2,690 Unearned Service Revenue 680 Owner's Capital 12,456 Owner's Drawings 1,080 Service Revenue 6,600 Salaries and Wages Expense 1,120 Miscellaneous Expense 360 23,646 23,646 Other data: A physical count reveals only $700 of roofing supplies on hand. Depreciation for March is $244. 1. 2. 3. Unearned revenue amounted to $160 at March 31. 4. Accrued salaries are $600. Cash Trial Balance Account Titles Dr. Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue 4,800 3,300 2,250 10,736 Cr. Dr. 1,220 Adjustments i i 2,690 i 680 160 Owner's Capital 12,456 Owner's Drawings 1,080 Service Revenue 6,600 Salaries and Wages Expense 1,120 Miscellaneous Expense 360 Totals 23,646 23,646 Supplies Expense Depreciation Expense Salaries and Wages Payable Totals Net Income Totals Cr. Dr. 244 i i i i 600 Worksheet Adjusted Trial Balance 4800 3300 700 10736 1060 360 Income Statement Balance Sheet Cr. Dr. Cr. Dr. Cr. i i i 4800 i i i

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

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions

Question

What is management growth? What are its factors

Answered: 1 week ago

Question

8-19. What role should job descriptions play in training at Apex?

Answered: 1 week ago