The trial balance columns of the worksheet for Sheridan Roofing at March 31, 2022, are as follows.CashAccounts ReceivableSuppliesEquipmentAccumulated Depreciation-EquipmentAccounts PayableUnearned Service RevenueOwner's CapitalOwner's DrawingsService RevenueSalaries and Wages ExpenseSheridan RoofingWorksheetFor the Month Ended March 31, 2022Miscellaneous Expense1.Account TitlesOther data:2.3.4.Trial BalanceDr.4,8002,8001,93010,8681,1301,39040023,318Cr.1,2352,53049012,6636,40023,318A physical count reveals only $400 of roofing supplies on hand.Depreciation for March is $247.Unearned revenue amounted to $210 at March 31.Accrued salaries are $600. Prepare an income statement for the month of March. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)SHERIDAN ROOFINGIncome Statement$$

The income statement is the part of the financial statements prepared at the end of the reporting…

The trial balance columns of the worksheet for Sheridan Roofing at March 31, 2022, are as follows. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense 1. Sheridan Roofing Worksheet For the Month Ended March 31, 2022 Other data: 2. Account Titles 3. 4. Trial Balance Dr. 4,800 2,800 1,930 10,868 1,130 1,390 400 23,318 Cr. 1,235 2,530 490 12,663 6,400 23,318 A physical count reveals only $400 of roofing supplies on hand. Depreciation for March is $247. Unearned revenue amounted to $210 at March 31. Accrued salaries are $600.

The trial balance columns of the worksheet for Sheridan Roofing at March 31, 2022, are as follows. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense 1. Sheridan Roofing Worksheet For the Month Ended March 31, 2022 Other data: 2. Account Titles 3. 4. Trial Balance Dr. 4,800 2,800 1,930 10,868 1,130 1,390 400 23,318 Cr. 1,235 2,530 490 12,663 6,400 23,318 A physical count reveals only $400 of roofing supplies on hand. Depreciation for March is $247. Unearned revenue amounted to $210 at March 31. Accrued salaries are $600.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The trial balance columns of the worksheet for Oriole Roofing at March 31, 2022, are as follows. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Other data: Salaries and Wages Expense Miscellaneous Expense 1. 2. 3. Oriole Roofing Worksheet For the Month Ended March 31, 2022 4. Account Titles (a) Trial Balance Complete the worksheet. Dr. 4,300 3,000 2,170 11,000 1,020 1,470 340 23,300 Cr. 1,250 2,110 620 12,620 6,700 23,300 A physical count reveals only $700 of roofing supplies on hand. Depreciation for March is $250. Unearned revenue amounted to $190 at March 31. Accrued salaries are $700.
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Use the information from the Adjusted Trial Balance and Financial Statement templates provided in the module under Test 2 information you completed to answer questions 36 - 50. (Also copied below.) For Question 36, how much revenue should be recorded on the Income Statement? Elliptical Consulting Adjusted Trial Balance For the Year Ended June 30, 2019 Account Title Debit Credit Cash 27,000 Accounts Receivable 53,500 Supplies 900 Office Equipment 30,500 Accumulated Depreciation – Office Equipment 6,000 Accounts Payable 3,300 Salaries Payable 375 Jayson Neese, Capital 82,200 Jayson Neese, Drawing 2,000 Fees Earned 60,000 Salary Expense 32,375 Supplies Expense 2,100 Depreciation Expense 1,500 Miscellaneous Expense 2,000 Totals 151,875 151,875 Notice that the accounts are listed in order of the accounting…
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