Undercover Roofing Inc.

Undercover Roofing Inc. - Undercover Roofing Work Sheet For...

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Account Title Trial Balalnce Debit Cash $2,500 Accounts Receivable $1,800 Roofing Supplies $1,100 Equipment $6,000 Accumulated Depreciation - Equipment Accounts Payable Unearned Revenue Common Stock Retained Earnings Dividends $600 Service Revenue Salaries Expense $700 Miscellaneous Expense $200 Totals $12,900 Roofing Supplies Expense Depreciation Expense - Equipment Salaries Payable Totals Totals Net Income Totals b) Undercover Roofing Inc Income Statement For the Month Ended March 31, 2006 Service Revenue Less: Operating Expenses: Salaries Expense $1,050 Miscellaneous Expense $200 Roofing Supplies Expense $960 Depreciation Expense - Equipment $200 Net Income Undercover Roofing Inc Retained Earnings Statement For the Month Ended March 31, 2006 Beginning Retained Earnings $2,000 Add: Net Income $760
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Less: Dividends ($600) Ending Retained Earnings $2,160 Undercover Roofing Inc Balalnce Sheet At March 31, 2006 Current Assets: Cash $2,500 Accounts Receivable $1,800 Roofing Supplies $140 Total Current Assets
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This note was uploaded on 04/04/2009 for the course ACC 321 taught by Professor Ahmedmokhtar during the Spring '09 term at Ain Shams University.

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Undercover Roofing Inc. - Undercover Roofing Work Sheet For...

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