p 4.1. (exclude part a)

P4.1 ( LO 1, 2, 4) The trial balance columns of the worksheet for Wang Roofing at March 31, 2020, are Prepare a workshect, financial stateas follows (amounts in thousands). ments, and adjusctirs and clasing entries. 4-48 CHAPTER 4 Completing the Accounting Cycle Other daha. 1. A physical count reveals only 7480 of roofing supplies on hand. 2. Depreciation for March is V250. 3. Unearned revenue amounted to 260 at March 31. 4. Accrued salaries are 7700. Instructions a. Adjusted trial balance a. Enter the trial balance on a worksheet and complete the worksheet. 24,450 b. Prepare an income statement and a retained earnings statement for the month of March and a classified b. Net income Y,420 statement of financial position at March 31 . Total assets 817,680 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