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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 2,800
Supplies 2,370
Equipment 11,088
Accumulated DepreciationEquipment 1,260
Accounts Payable 2,200
Unearned Service Revenue 680
Owners Capital 12,898
Owners Drawings 1,180
Service Revenue 6,600
Salaries and Wages Expense 1,360
Miscellaneous Expense 340
23,638 23,638

Other data:

1. A physical count reveals only $600 of roofing supplies on hand.
2. Depreciation for March is $252.
3. Unearned revenue amounted to $190 at March 31.
4. Accrued salaries are $700.

Complete the worksheet.

Prepare an income statement for the month of March. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

T. Warren made an additional investment in the business of $9,998 in March. Prepare an owners equity statement for the month of March. (List items that increase owner's equity first.)

Prepare a classified balance sheet at March 31. (List Current Assets in order of liquidity.)

Journalize the adjusting entries from the adjustments columns of the worksheet. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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.)

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