Part two week four - Name Shekitta Ferrell Date Instructor...

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FileName: e636b272f1950ed9944d5b44df76fee19d5b2131.xls , Tab: Problem P4-1A, Page 1 of 4, 10/06/2009, 02:47:09 Name: Shekitta Ferrell Date: 03/15/09 Instructor: Course: UNDERCOVER ROOFING INC. Work Sheet For the Month Ended March 31, 2006 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $2,500 $2,500 $2,500 Accounts Receivable 1,800 1,800 1,800 1,800 Roofing Supplies 1,100 $140 140 140 Equipment 6,000 6,000 6,000 Accum Dep - Equip $1,200 200 $200 $200 Accounts Payable 1,400 $1,400 $1,400 Unearned Revenue 300 130 130 $130 Common Stock 5,000 5,000 5,000 Retained Earnings 2,000 $2,000 Dividends 600 600 600 Service Revenue 3,000 $3,000 Salaries Expense 700 Miscellaneous Expense 200 200 Totals $12,900 $12,900 Supplies Expense Depreciation Expense 200 200 $200 Salaries Payable Totals $13,450 $13,450 Net Income Totals Other data consist of the following: 1. A physical count reveals only $140 of roofing supplies on hand. (1) 2. Depreciation for March is $200 (2) 3. Unearned revenue amounted to $130 after adjustments on March 31. (3) 4. Accrued salaries are $350 (4) Instructions: UNDERCOVER ROOFING INC. Income Statement For the Month Ended March 31, 2006 Revenues Unearned Rev $300 Service Rev $3,000 Total Rev $3,300 Expenses Salaries Exp $700 Misc Exp 200 Supplies Exp 140 Depreciation Exp 200 Total Exp 1,240 Net Income $2,060 UNDERCOVER ROOFING INC. Retained Earnings Statement
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Part two week four - Name Shekitta Ferrell Date Instructor...

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