Problem 4-01A a-d (Video) The trial balance columns of the worksheet for Warren Roofing at March...

Problem 4-01A a-d (Video) The trial balance columns of the worksheet for Warren Roofing at March 31, 2020, are as follows. Warren Roofing Worksheet For the Month Ended March 31, 2020 Trial Balance Account Titles Dr. Cr. Cash 4,500 Accounts Receivable 3,200 Supplies 2,000 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 on hand. 2. Depreciation for March is $250. 3. Unearned revenue amounted to $260 at March 31. 4. Accrued salaries are $700.

Prepare a classified balance sheet at March 31. (List Current Assets in order of liquidity.)

Expert Solution

Classified Balance sheet:

Income Statement (To find closing balance of owners capital)

Adjustment Explanations:

ekkarill92 answered 10 months ago

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