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The trial balance columns of the worksheet for Warren Roofing at March 31, 2017, are as follows. WARREN ROOFING Worksheet For the Month Ended March

The trial balance columns of the worksheet for Warren Roofing at March 31, 2017, are as follows.

WARREN ROOFING Worksheet For the Month Ended March 31, 2017

Trial Balance

Account Titles

Dr.

Cr.

Cash 4,500
Accounts Receivable 3,200
Supplies 2,000
Equipment 11,000
Accumulated DepreciationEquipment 1,250
Accounts Payable 2,500
Unearned Service Revenue 550
Owners Capital 12,900
Owners Drawings 1,100
Service Revenue 6,300
Salaries and Wages Expense 1,300
Miscellaneous Expense 400
23,500 23,500

Other data:

1. A physical count reveals only $480 of roofing supplies on hand.
2. Depreciation for March is $250.
3. Unearned revenue amounted to $260 at March 31.
4. Accrued salaries are $700.

Prepare an income statement for the month of MarchT. Warren made an additional investment in the business of $10,000 in March. Prepare an owners equity statement for the month of March . Prepare a classified balance sheet at March 31 . Journalize the adjusting entries from the adjustments columns of the worksheet.. Journalize the closing entries from the financial statement columns of the worksheet.

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