4-48 CHAPTER 4 Completing the Accounting Cycle 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 350 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 S480 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. Instructions a. Enter the trial balance on a worksheet and complete the worksheet. b. Prepare an income statement and owner's equity statement for the month of March and a classified bal- ance sheet at March 31. T. Warren made an additional investment in the business of $10,000 in March. c. Journalize the adjusting entries from the adjustments columns of the worksheet. d. Journalize the closing entries from the financial statement columns of the worksheet. a. Adjusted trial balance $24.450 b. Net income $2,420 Total assets 517,680