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The trial balance of Marin Inc. on March 31, 2020, is as follows: Marin Inc. Trial Balance March 31, 2020 Debit Credit Cash $1,820 Accounts
The trial balance of Marin Inc. on March 31, 2020, is as follows: Marin Inc. Trial Balance March 31, 2020 Debit Credit Cash $1,820 Accounts receivable 2,540 Supplies 640 Equipment 6,410 Accumulated depreciation-equipment $80 Accounts payable 1,035 Unearned revenue 415 Common shares 6,020 Retained earnings 2,070 Sales revenue 2,540 Salaries and wages expense 575 Miscellaneous expense 175 $12,160 $12,160 Additional information: 1. A physical count reveals only $530 of supplies on hand, 2. Equipment is depreciated at a rate of $20 per month. 3. Unearned revenue amounted to $110 on March 31. 4 Accrued salaries are $755. Enter the trial balance on a work sheet and complete the work sheet, assuming that the adjustments relate only to the month of March. (Ignore income taxes.) MARIN INC. Work Sheet March 31, 2020 Account Titles Trial Balance Adjustments Dr. Cr. Dr. Cr. Cash $1,820 $ 1820 Accounts Receivable 2,540 2540 Supplies 640 Fouinment 6410 Equipment 6,410 Accumulated Depreciation Equipment $80 Accounts Payable 1,035 415 Unearned Revenue Common Shares 6,020 Retained Earnings 2,070 2,540 Sales Revenue 575 Salaries and Wages Expense 175 Miscellaneous Expense Totals $12,160 $12,160 Supplies Expense Depreciation Expense Salaries and Wages Payable Unearned Revenue 415 Common Shares 6,020 Retained Earnings 2,070 Sales Revenue 2,540 Salaries and Wages Expense 575 Miscellaneous Expense 175 Totals $12,160 $12,160 Supplies Expense Depreciation Expense Salaries and Wages Payable $ $ Totals Net Income Totals
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