Question: Prepare worksheet, financial statements, and adjusting and closing entries prepare an income statement and owner's equity statement for the month of March and a classified

Prepare worksheet, financial statements, and adjusting and closing entries prepare an income statement and owner's equity statement for the month of March and a classified balance sheet at March 31. Warren made an additional investment to the business of 10000 in March.

Other Data
1) A physical count reveals only 480 of roofing supplies on hand
2) Depreciation for March is 250
3) Unearned revenue announced to 260 at March 31
4) Accrued salaries are 700
5) Adjusted trial balance 24450, net income 2420, total assets 17680

Warren Roofing Worksheet For the month ended March 31, 2017 Account titles Cash: DR. 4500 Accounts Receivable: DR.3200 Supplies: DR. 2000 Equipment: DR 11000 Acc. Depreciation. CR. 1250 Accounts Payable: CR. 2500 Uneamed Service Revenue: CR. 550 Owners Capital: CR. 12900 Owners Drawings: DR. 1100 Service Revenue: CR. 6300 Salaries & Wages Payable: DR.1300 Miscellaneous Exp: DR. 400 23,500 23,500

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