Walter's Roofing Company 3 Worksheet 4 For Month Ended 3/31/16 Trial Balance DR Adjustments CR DR CR 6 Cash 2,500 7 Accounts Receivable 1,800 8 Allowance for Uncoll. Accts 300 9 Roofing Supplies 1,400 10 Equipment 6,000 11 Accumulated Depr. Equip. 1.200 12 Accounts Payable 1,400 13 Unearned Revenue 300 14 Terry Tines, Capital 7,000 15 Terry Tines, Drawing 600 16 Service Revenue 3,000 17 Salaries Expense 15 Totals 20 Supplies Expense 21 Depreciation Expense 22 Salaries Payable 700 18 Miscellaneous Expense 200 13,200 13,200 23 Bad Debts Expense 24 Totals 25 Net Income 20 27 28 29 Adjustment Information 30 1. Roofing Supplies on hand on March 31 total $140. 31 2. Depreciation on the equipment for March is $200 Balance Sheet Adjusted Trial Balance Income Statement CR DR DR CR DR 32 3. Some of the uneamed revenue ($100) has now been earned. 33 4. Employees have eamed salaries in the amount of $350 that have not been paid yet 34 5. The company estimates that 5% of revenue will become uncollectible. Debit Bad Debts Expense, 35 credit Allowance for Uncollectible AcceInclude the effect of adjustment 3 in your calculation. CR