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H31 H31 Waren oofing Income tatement NJA Waen Ring Fer the Month tnded Mach , 017 Generaljutingentries wet forThe Mt Revenu Accounts eandeplanion Debit Credi Aed Serviceevee T lne Amet blnce nce heet Supplienepene $ 1520 A T Expen Supglies S LS0 Salariandwm epe erecordatjutment entry for pplies epene $ 2.00 S LS20 2000 11.000 Supplie 2000540 Mllane pen Depreciation Depreciation expense 250 1.000 400 Accumulated depreciation tapene 250 ereced depreition pen 250 Uneamed Senve even wners Capta Totapen Unearned servicerevenue 260 12.300 LINE Net income fon Servicerenene 260 perecord the ervice mpen 20 Mlanet Salaries andwagnpene 700 Ownerseutyement 700 Salariesandwan payable pe recend salari and mpmse payabie 22 14 23 Fer the Month tnded March 1, 2017 Ownerseuitybeginng $ 12.00 24 25 26 Net income Service renanue SAN S 590 incomeummary berecordtraner of servicereenuete incomeummary Tata Drawing Owners Capital, March 3 S100 S 14.220 28 Incommesummary $ 4I0 $ 2,000 Salaries and wagepene Melaneosepene Supplinpene Deprecition berecerd traner ofepetincomeummany 400 S LS20 250 dance Sheet Forthe ManthndedMarch L, 2017 34 Ca $4.500 S 00 incomemmary Onercapit tereordtraner ofincometenerscapta $ RA0 Account paye Suppies tipment Acumulated depreciation Tetal Ats S 1.00 S 8.500 00 $1740 Ownercapital S L100 S L100 Ounerdring Terecord dringptom ownerscapita L esand harehalderseuity Accounts payable $ 2.500 20 700 Unearned service Salindwn Totacurrentablite Ownereuity Ownerscapit Tota and harholdernquity $ 3.40 $ 14.20 5 1740

H31 H31 Waren oofing Income tatement NJA Waen Ring Fer the Month tnded Mach , 017 Generaljutingentries wet forThe Mt Revenu Accounts eandeplanion Debit Credi Aed Serviceevee T lne Amet blnce nce heet Supplienepene $ 1520 A T Expen Supglies S LS0 Salariandwm epe erecordatjutment entry for pplies epene $ 2.00 S LS20 2000 11.000 Supplie 2000540 Mllane pen Depreciation Depreciation expense 250 1.000 400 Accumulated depreciation tapene 250 ereced depreition pen 250 Uneamed Senve even wners Capta Totapen Unearned servicerevenue 260 12.300 LINE Net income fon Servicerenene 260 perecord the ervice mpen 20 Mlanet Salaries andwagnpene 700 Ownerseutyement 700 Salariesandwan payable pe recend salari and mpmse payabie 22 14 23 Fer the Month tnded March 1, 2017 Ownerseuitybeginng $ 12.00 24 25 26 Net income Service renanue SAN S 590 incomeummary berecordtraner of servicereenuete incomeummary Tata Drawing Owners Capital, March 3 S100 S 14.220 28 Incommesummary $ 4I0 $ 2,000 Salaries and wagepene Melaneosepene Supplinpene Deprecition berecerd traner ofepetincomeummany 400 S LS20 250 dance Sheet Forthe ManthndedMarch L, 2017 34 Ca $4.500 S 00 incomemmary Onercapit tereordtraner ofincometenerscapta $ RA0 Account paye Suppies tipment Acumulated depreciation Tetal Ats S 1.00 S 8.500 00 $1740 Ownercapital S L100 S L100 Ounerdring Terecord dringptom ownerscapita L esand harehalderseuity Accounts payable $ 2.500 20 700 Unearned service Salindwn Totacurrentablite Ownereuity Ownerscapit Tota and harholdernquity $ 3.40 $ 14.20 5 1740

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 2.5P: Missing amounts from Financial statements The financial statements at the end of Network Realty,...
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Can you help me complete the worksheet? I just so confused with the quantities.  Thank you. 

 

НЗ1 X v fx H31 fx A В C E G H K M Q A C D E F G J K M 1 1 Warren Roofing 2 P4-1A 2 Income Statement Warren Roofing 3 For the Month Ended March 31, 2017 General adjusting entries 4 Worksheet 4 For The Month Ended March 31, 2017 Revenues Accounts title and explanation Debit Credit Adjusted Trial Service Revenue 7 Trial Balance Adjustments balance Income Statement Balance Sheet ($6,300+$550-$260) $ Supplies expense Supplies (to record adjustment entry for supplies epense) 7 6,590 1,520 8 Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. 8. $ Expenses Salaries and wages expense 1,520 1Cash 4,500 3,200 2,000 11,000 9 4,500 4,500 1 9. 10 2Accounts Recievable 2 ($1300+$700) Supplies ($2000-$480) Miscellaneous expense $ $ $ $ 10 2,000 3 Supplies 4 Equipment 5 Accumulated Depreciation Equip 6 Accounts Payable 1,520 480 11,000 11 480 3 Depreciation expense Accumulated depreciation Expense (to recod depreciation expense) 11 1,520 250 12 11,000 4 12 1,250 2,500 400 250 13 5 2,500 290 2,500 6 290|7 12,900||8 13 Depreciation 250 14 14 15 7 Unearned Service Revenue 550 260 8Owner's Capital 9Owner's Drawings 15 Total Expenses 2$ (4,170) Unearned service revenue $ 260 16 12,900 12,900 17 1,100 1,100 1,100 19 16 Net Income (Iloss) $ 2,420 Service renenue $ 260 18 10 Service Revenue 6,300 6,590 12,890 12,890 10 17 (to record the service expense) 2,000 3,300 3,300 11 Salaries and Wage Expense 12 Miscellaneous Expense 19 1,300 11 18 20 400 12 Salaries and wages expense Salaries and wages payable (to record salaries and expense payable) 19 $ 700 21 13 Totals 23,500 23,500 13 20 Owner's equity statement $ 700 22 14 14 21 For the Month Ended March 31, 2017 23 15 Supplies Expense 1,520 1,520 1,520 15 22 24 16 Depreciation Expense 250 250 250 16 23 Owners equity at beginnig 12,900 25 17 Salaries and Wages Payable |17 24 Net income $ 2,420 Service renenue $ 6,590 28,580 12,890 5,070 2,420 7,490 15,690| 18 2,420 19 26 18 Totals 4,030 8,110 22,150 17,080 25 $ 15,320 income summary 6,590 27 19 Net income 26 hg (to record transfer of service revenue to income summary) 28 20 Totals 18,110||20 $ (1,100) $ 14,220 27 Drawing 29 28 Owners Capital, March 31 Incomme summary $ 4,170 30 Salaries and wage expense $ $ $ 29 2,000 31 30 Miscellaneous expense 400 32 Supplies expense Depreciation (to record transfer of expenses to income summary) 31 1,520 33 32 Balance Sheet 250 34 33 For the Month Ended March 31, 2017 35 36 34 37 $ 4,500 $ 3,200 $ 35 Cash income summary 2,420 38 Owner's capital (yto record transfer of income to owners capital) 36 Account payable Suppies Equipment Acumulated depreciation 2,420 39 37 480 40 38 $ 11,000 41 39 $ (1,500) $ 9,500 Owner's capital $ 1,100 42 40 Total Assets $ 17,680 Owner's drawings 1,100 43 41 To record drawings from owners capital) 44 42 45 43 46 47 Liabilities and shareholder sequity $ 44 48 45 Accounts payable 2,500 49 $ $ 46 Unearned service 260 50 47 Salaries and wages 700 51 48 Tota current liabilities $ 3,460 52 49 Owner's equity 53 $ 14,220 $ 17,680 50 Owner's capital 54 51 Total liabilities and shareholder's equity 55 52 56 53 57 54 58 59 Sheet1 + 60 61 + 90% Sheet1 Sheet2 Sheet3 Sheet4 %24
Transcribed Image Text:НЗ1 X v fx H31 fx A В C E G H K M Q A C D E F G J K M 1 1 Warren Roofing 2 P4-1A 2 Income Statement Warren Roofing 3 For the Month Ended March 31, 2017 General adjusting entries 4 Worksheet 4 For The Month Ended March 31, 2017 Revenues Accounts title and explanation Debit Credit Adjusted Trial Service Revenue 7 Trial Balance Adjustments balance Income Statement Balance Sheet ($6,300+$550-$260) $ Supplies expense Supplies (to record adjustment entry for supplies epense) 7 6,590 1,520 8 Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. 8. $ Expenses Salaries and wages expense 1,520 1Cash 4,500 3,200 2,000 11,000 9 4,500 4,500 1 9. 10 2Accounts Recievable 2 ($1300+$700) Supplies ($2000-$480) Miscellaneous expense $ $ $ $ 10 2,000 3 Supplies 4 Equipment 5 Accumulated Depreciation Equip 6 Accounts Payable 1,520 480 11,000 11 480 3 Depreciation expense Accumulated depreciation Expense (to recod depreciation expense) 11 1,520 250 12 11,000 4 12 1,250 2,500 400 250 13 5 2,500 290 2,500 6 290|7 12,900||8 13 Depreciation 250 14 14 15 7 Unearned Service Revenue 550 260 8Owner's Capital 9Owner's Drawings 15 Total Expenses 2$ (4,170) Unearned service revenue $ 260 16 12,900 12,900 17 1,100 1,100 1,100 19 16 Net Income (Iloss) $ 2,420 Service renenue $ 260 18 10 Service Revenue 6,300 6,590 12,890 12,890 10 17 (to record the service expense) 2,000 3,300 3,300 11 Salaries and Wage Expense 12 Miscellaneous Expense 19 1,300 11 18 20 400 12 Salaries and wages expense Salaries and wages payable (to record salaries and expense payable) 19 $ 700 21 13 Totals 23,500 23,500 13 20 Owner's equity statement $ 700 22 14 14 21 For the Month Ended March 31, 2017 23 15 Supplies Expense 1,520 1,520 1,520 15 22 24 16 Depreciation Expense 250 250 250 16 23 Owners equity at beginnig 12,900 25 17 Salaries and Wages Payable |17 24 Net income $ 2,420 Service renenue $ 6,590 28,580 12,890 5,070 2,420 7,490 15,690| 18 2,420 19 26 18 Totals 4,030 8,110 22,150 17,080 25 $ 15,320 income summary 6,590 27 19 Net income 26 hg (to record transfer of service revenue to income summary) 28 20 Totals 18,110||20 $ (1,100) $ 14,220 27 Drawing 29 28 Owners Capital, March 31 Incomme summary $ 4,170 30 Salaries and wage expense $ $ $ 29 2,000 31 30 Miscellaneous expense 400 32 Supplies expense Depreciation (to record transfer of expenses to income summary) 31 1,520 33 32 Balance Sheet 250 34 33 For the Month Ended March 31, 2017 35 36 34 37 $ 4,500 $ 3,200 $ 35 Cash income summary 2,420 38 Owner's capital (yto record transfer of income to owners capital) 36 Account payable Suppies Equipment Acumulated depreciation 2,420 39 37 480 40 38 $ 11,000 41 39 $ (1,500) $ 9,500 Owner's capital $ 1,100 42 40 Total Assets $ 17,680 Owner's drawings 1,100 43 41 To record drawings from owners capital) 44 42 45 43 46 47 Liabilities and shareholder sequity $ 44 48 45 Accounts payable 2,500 49 $ $ 46 Unearned service 260 50 47 Salaries and wages 700 51 48 Tota current liabilities $ 3,460 52 49 Owner's equity 53 $ 14,220 $ 17,680 50 Owner's capital 54 51 Total liabilities and shareholder's equity 55 52 56 53 57 54 58 59 Sheet1 + 60 61 + 90% Sheet1 Sheet2 Sheet3 Sheet4 %24
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