The trial balance columns of the worksheet for Lampert Roofing at March 31, 2019, are as follows.

Other data:
1. A physical count reveals only $550 of roofing supplies on hand.
2. Depreciation for March is $250.
3. Unearned service revenue amounted to $210 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 a retained earnings statement for the month of March and a classified balance sheet at March 31.
(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.

Transcribed Image Text:

LAMPERT ROOFING Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Miscellaneous Expense 4,500 3,200 2,000 11,000 1,250 2,500 550 10,000 2,900 1,100 6,300 1,300 400 23,500 23,500