The trial balance columns of the worksheet for Warren Roofi ng 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 2,000 Supplies 2,000 Prepaid insurance 1200 Equipment 11,000 Accumulated Depreciation—Equipment 1,250 Accounts Payable 2,500 Unearned Service Revenue 550 Owner’s Capital 12,900 Owner’s Drawings 1,100 Service Revenue 6,300 Salaries and Wages Expense 1,300 Miscellaneous Expense 400 23,500 23,500 Other data: 1. A physical count reveals only $480 of roofing supplies are used. 2. Depreciation for March is $450. 3. Unearned revenue amounted to $260 at has been earned 31. 4. Accrued salaries are $500. Instructions. 5. Prepaid insurance for one year and purchased 1st March 2017. (a) Enter the trial balance on a worksheet and complete the worksheet.
The
WARREN ROOFING Worksheet For the Month Ended March 31, 2017
|
|
Trial Balance |
|
|
Account Titles |
Dr |
Cr |
|
Cash |
4,500 |
|
|
|
2,000 |
|
|
Supplies |
2,000 |
|
|
Prepaid insurance |
1200 |
|
|
Equipment |
11,000 |
|
|
|
|
1,250 |
|
Accounts Payable |
|
2,500 |
|
Unearned Service Revenue |
|
550 |
|
Owner’s Capital |
|
12,900 |
|
Owner’s Drawings |
1,100 |
|
|
Service Revenue |
|
6,300 |
|
Salaries and Wages Expense |
1,300 |
|
|
Miscellaneous Expense |
400 |
|
|
|
23,500 |
23,500 |
Other data: 1. A physical count reveals only $480 of roofing supplies are used. 2. Depreciation for March is $450. 3. Unearned revenue amounted to $260 at has been earned 31. 4. Accrued salaries are $500. Instructions. 5. Prepaid insurance for one year and purchased 1st March 2017.
(a) Enter the trial balance on a worksheet and complete the worksheet.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
