Problem 41A The trial balance columns of the worksheet for C

Problem 4-1A The trial balance columns of the worksheet for Culver at March 31, 2019, are as follows. Culver Worksheet For the Month Ended March 31, 2019 Trial Balance Account Titles Cr. Dr. 4,900 3,300 1,700 10,824 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 1,230 2,000 600 11,004 2,700 1,200 6,100 1,300 410 23,634 23,634

Solution

Title Trial balance Adjustments Adjusted trial balance Income statement Balance sheet DR CR DR CR DR CR DR CR DR CR cash 4,900 4,900 4,900 A/R 3,300 3,300 3,300 supplies 1,700 1,000 700 700 Equipment 10,824 10,824 10,824 A-D -Equip 1,230 246 1476 1,476 A/P 2,000 2,000 2,000 unear SR 600 350 250 250 CS 11,004 11,004 11,004 RE 2,700 2,700 2,700 Dividends 1,200 1,200 1,200 Ser Reve 6,100 350 6450 6,450 Sal&wag e 1,300 600 1,900 1,900 Misc exp 410 410 410 totals 23,634 23634 supplie exp 1,000 1,000 1,000 dep exp 246 246 246 sa&wa pay 600 600 600 totals 2196 2,196 24,480 24480 3556 6,450 20,924 18030 net income 2894 2,894 totals 6450 6,450 20,924 20924 there will be no separate treatment for retained earnings as no separate column for retained earnings is provided in the worksheet