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 1 year ago

Problem 4.-2: The trial balance columns of the worksheet for Firmament Roofing at March 31, 2014,...

Problem 4.-2: The trial balance columns of the worksheet for Firmament Roofing at March 31, 2014, are as follows. Firmament Roffing Trial Balance For the Month Ended March 31, 2014 Trial Balance_____ Account Titles Dr. Cr.__ Cash 2,720 Accounts Receivable 2,700 Supplies 1,500 Equipment 11,000 Accumulated Depreciation – Equipment 1,250 Accounts Payable 2,500 Unearned Service Revenue 550 Share Capital – Ordinary 10,000 Dividends 1,100 Service Revenue 6,300 Salaries and Wages Expense 1,300 Miscellaneous Expense ...

The trial balance columns of the worksheet for Bramble Roofing at March 31, 2022, are as...

The trial balance columns of the worksheet for Bramble Roofing at March 31, 2022, are as follows. Bramble Roofing Worksheet For the Month Ended March 31, 2022 Trial Balance Account Titles Dr. Cr. Cash 4,800 Accounts Receivable 3,300 Supplies 2,000 Equipment 11,264 Accumulated Depreciation—Equipment 1,280 Accounts Payable 2,300 Unearned Service Revenue 400 Common Stock 10,584 Retained Earnings 3,000 Dividends 1,200 Service Revenue 6,500 Salaries and Wages Expense 1,200 Miscellaneous Expense 300 24,064 24,064 Other data: 1. A physical count...

Problem 4-2A (Part Level Submission) The adjusted trial balance columns of the worksheet for Monty Company...

Problem 4-2A (Part Level Submission) The adjusted trial balance columns of the worksheet for Monty Company are as follows. Monty Company Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,000 112 Accounts Receivable 10,800 126 Supplies 1,800 130 Prepaid Insurance 1,800 157 Equipment 27,400 158 Accumulated Depreciation—Equipment 5,200 200 Notes Payable 14,600 201 Accounts Payable 6,300 212 Salaries and Wages Payable 2,600 230 Interest Payable 500 311 Common Stock...

Create a balance sheet The adjusted trial balance columns of the worksheet for Ayayai Company are...

Create a balance sheet The adjusted trial balance columns of the worksheet for Ayayai Company are as follows. Ayayai Company Worksheet (Partial) For the Month Ended April 30, 2019 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,500 Accounts Receivable 7,620 Prepaid Rent 2,180 Equipment 22,950 Accumulated Depreciation—Equip. 5,000 Notes Payable 5,800 Accounts Payable 4,500 Common Stock 20,500 Retained Earnings 8,550 Dividends 3,500 Service Revenue 15,500 Salaries and Wages Expense 10,800 Rent Expense 700 Depreciation Expense 600 Interest Expense 60...

The trial balance columns of the worksheet for Crane Company at June 30, 2020, are as...

The trial balance columns of the worksheet for Crane Company at June 30, 2020, are as follows Crane Company Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Dr. Cr. Cash 2,500 Accounts Receivable 2,200 Supplies 1,900 Accounts Payable 1,000 Unearned Service Revenue 380 Owner’s Capital 2,710 Service Revenue 3,100 Salaries and Wages Expense 490 Miscellaneous Expense 100 Total 7,190 7,190 Other data: 1. A physical count reveals $600 of supplies on hand. 2. $170 of...

The trial balance columns of the worksheet for Cullumber Company at June 30, 2020, are as...

The trial balance columns of the worksheet for Cullumber Company at June 30, 2020, are as follows. Cullumber Company Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Dr. Cr. Cash 2,200 Accounts Receivable 2,400 Supplies 1,900 Accounts Payable 1,100 Unearned Service Revenue 370 Owner’s Capital 2,170 Service Revenue 3,700 Salaries and Wages Expense 640 Miscellaneous Expense 200 Total 7,340 7,340 Other data: 1. A physical count reveals $300 of supplies on hand. 2. $200 of...

The trial balance columns of the worksheet for Novak Company at June 30, 2022, are as...

The trial balance columns of the worksheet for Novak Company at June 30, 2022, are as follows. Novak Company Worksheet For the Month Ended June 30, 2022 Trial Balance Account Titles Dr. Cr. Cash 2,400 Accounts Receivable 2,640 Supplies 1,860 Accounts Payable 1,040 Unearned Service Revenue 420 Common Stock 3,100 Service Revenue 3,100 Salaries and Wages Expense 660 Miscellaneous Expense 100 7,660 7,660 Other data: 1. A physical count reveals $500 of supplies on hand. 2. $200 of the unearned...

The trial balance columns of the worksheet for Swifty Company at June 30, 2022, are as...

The trial balance columns of the worksheet for Swifty Company at June 30, 2022, are as follows. Swifty Company Worksheet For the Month Ended June 30, 2022 Trial Balance Account Titles Dr. Cr. Cash 2,000 Accounts Receivable 2,780 Supplies 1,980 Accounts Payable 1,040 Unearned Service Revenue 440 Common Stock 2,560 Service Revenue 3,400 Salaries and Wages Expense 560 Miscellaneous Expense 120 7,440 7,440 Other data: 1. A physical count reveals $350 of supplies on hand. 2. $150 of the unearned...

The adjusted trial balance columns of the worksheet for Monty Company are as follows: Complete the...

The adjusted trial balance columns of the worksheet for Monty Company are as follows: Complete the worksheet. Monty Company Worksheet (Partial) choose the accounting period April 30, 2022For the Month Ended April 30, 2022 Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Cash 11,000 Accounts Receivable 8,000 Prepaid Rent 2,200 Equipment 22,700 Accumulated Depreciation—Equip. 5,000...

Prepare a worksheet that contains the following columns: Trial Balance, Adjustments, Adjusted Trial Balance, Income Statement...

Prepare a worksheet that contains the following columns: Trial Balance, Adjustments, Adjusted Trial Balance, Income Statement and Balance Sheet. From the following transactions as well as add't data, please complete the entire accounting cycle for Parker's Plowing (using the chart of accounts below) for 2018. Jan. 1 Parker invested $10,000 cash and $12,000 worth of snow equipment into the plowing company. Jan. 1 Paid rent for six months in advance for garage space, $6000 Jan. 6 Purchased snow supplies for...

Question