The unadjusted trial balance of Best Way Roofing at May 31, 2020, appears below Additional data at May 31, 2020 (Click the icon to view the additional data.) Required Complene Best Way Roofing's worksheet for May. The unadjusted balances have been entered for you in the trial balance columns of a worksheet. idensty each adjusing entry by ts leter We will begin the completion of the worksheet by entering the adjustments in the adjustments columns of the worksheet (if an account has more than one adjustment, enter the adjustments in sequence. If a box is not used in the worksheet, leave the box empty: do not select a label or enter a zero. Abbreviation used: amort. amortization) Best Way Reofing Worksheet For the Month Ended May 31, 2020 Trial Balance Adjustments Adjusted Trial Balance Debit Credit Debit Credit Account Debit Credit 129,000 Cash 10.800 Accounts receivable 232,000 h. 20.000 Supplies 123,000 6,000 d. Propaid insurance 25,000 Equipment Accumulated amort-equipment 202.000 2,200 a. 169.000 Building 259,000 a. 4,600 Accumulated amort-building 71.000 Land 183.000 3,200 146,000 Accounts payable 2400 Interest payable The unadjusted trial balance of Best Way Roofing at May 31, 2020, appears below Addtional data at May 31, 2020 (Click the lcon to view the additional data) Required Complete Best Way Rooing's worksheet for May. The unadjusted balances have been entered for you in the trial balance columns of a worksheet Identity each adjusting entry by its letter Uneamed service revenue 65,000 41.000 Note payable, long-berm 138,000 H Morin, capital 499,100 H. Morin, withdrawals 41,000 Service revenue 151,000 41,000 h. 10,800 Amortization expense-eouipment 0 a 2200 Amortization expense-building 0 4,600 Wages expense 37,000 4,400 Insurance expense 0 d. 6,000 Interest expense 0 2400 Utlities experse 6,800 Advertising expense 1,300 3,200 0 20.000 Supplies expense 1,239,100) 94,600 94,600 1,239,100 Total 2020, appears below Additional data at May 31, 2020 i(Click the icon to view the additional data.) Required Complete Best Way Roofing's worksheet for May. The unadjusted balances have ben entered for you in the trial balance columns of a worksheet. Identify each adjusting entry by its letter Best Way Roofing Worksheet For the Month Ended May 31, 2020 Trial Balance Adjustments Adjusted Trial Balance Account Debit Credit Debit Credit Debit Credit Cash 129,000 129,000 Accounts recelvable 242,800 232,000 h. 10,800 Supplies 123,000 103,000 20,000 Prepaid insurance 25,000 d. 19,000 6,000 Equipment 202,000 202,000 Accumulated amort-equipment 169,000 2,200 171,200 a. Building Accumulated amort-building 259,000 259,000 71,000 la. 75,600 4.600 Land 183,000 183,000 Accounts payable 149,200 146,000 3.200 Interest payable 0 2,400 e. 2,400 Wages payable 4.400 0 4,400 Uneaned service revenue 65,000 f. 41,000 24,000 The unadjusted trial balance of Best Way Roofing at May 31, 2020, appears below Additional data at May 31, 2020: (Click the lcon to view the additional data.) Required Complete Best Way Roofing's worksheet for May. The unadjusted balances have been entered for you in the trial balance columns of a worksheet. Identify oach adjusting entry by Its letter Best Way Roofing Worksheet For the Month Ended May 31, 2020 Adjusted Trial Balance Income Statement Balance Sheet Account Debit Credit Debit Credit Debit Credit Cash 129.000 Accounts receivable 242,800 Supplies 103.000 Prepaid insurance Equipment 19,000 202,000 Accumulated amort-equipment 171,200 Building Accumulated amort-building 259,000 75,600 Land 183,000 Accounts payable 149,200 Interest payable Wages payable Note payable, long-term 2,400 4,400 138,000 Uneaned service revenue 24,000 ow. ve been entered for you in the trial balance columns of a worksheet. Identify eac i Additional Data me Stat a. Amortization for the period to be recorded: equipment, $2,200; building, $4,600. b. Wages expense to be recorded because employees worked but have not yet been paid, $4,400 it c. A count of supplies showed that unused supplies amounted to $103,000. d. During May, $6,000 of prepaid insurance coverage was used. e. Accrued interest expense, $2,400. f. Of the $65,000 balance of Unearned Service Revenue, $41,000 was earned during May. g. Accrued advertising expense, $3,200 (cred it Accounts Payable). h. The company performed $10,800 of services for a client and has not yet been paid. Print Done Clear All