powerflower
May 3, 2009, 05:12 PM
Accounting tiles
Cash dr 2500
Accounts receivable dr 1800
Roofing supplies 1100
Equipment dr 6000
Accumulated depreciation - equipment Cr 700
Accounts payable Cr 1400
Unearned revenue Cr 300
J. Watt. Capital Cr 7000
J. Watt, Drawing Dr 600
Service Revenue Cr 3500
Salaries Expenses Dr 700
Miscellaneous Expenses Dr 200
Other data
1) a physical count reveals only $240 of roofing supplies on hand.
2) depreciation for march is $200
3) unearned revenue amounted to $130 after adjustment on march 31.
4) accrued salaries are $350
a)journalize the adjusting entries on the journal sheet provided
b) journalize the closing entries on the journal sheet provided
c0 prepare an income statement and owners equity statement for the month of march and a classified balance sheet at march 31. The financial statements are to be prepared on the sheets provided.
Cash dr 2500
Accounts receivable dr 1800
Roofing supplies 1100
Equipment dr 6000
Accumulated depreciation - equipment Cr 700
Accounts payable Cr 1400
Unearned revenue Cr 300
J. Watt. Capital Cr 7000
J. Watt, Drawing Dr 600
Service Revenue Cr 3500
Salaries Expenses Dr 700
Miscellaneous Expenses Dr 200
Other data
1) a physical count reveals only $240 of roofing supplies on hand.
2) depreciation for march is $200
3) unearned revenue amounted to $130 after adjustment on march 31.
4) accrued salaries are $350
a)journalize the adjusting entries on the journal sheet provided
b) journalize the closing entries on the journal sheet provided
c0 prepare an income statement and owners equity statement for the month of march and a classified balance sheet at march 31. The financial statements are to be prepared on the sheets provided.