The trial balance columns of the worksheet for Lampert Roofi

The trial balance columns of the worksheet for Lampert Roofing at March 31, 2017, are as follows. LAMPERT ROOFING Worksheet For the Month Ended March 31, 2017 Trial Balance Account Titles Dr. 4,300 2,700 2,500 11,132 Cr. 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 1,265 2,100 700 9,677 3,400 1,200 6,500 1,500 310 23,642 23,642 Other data: 1. A physical count reveals only $500 of roofing supplies on hand. 2. Depreciation for March is $253. 3. Unearned service revenue amounted to $230 at March 31. 4. Accrued salaries are $800. Enter the trial balance on a worksheet and complete the worksheet.

Solution

Trial bal Adjustments Adjusted Trial bal income statement Balance sheet DR CR DR CR DR CR DR CR DR CR Account titles Cash 4,300 4,300 4,300 Accounts receivable 2,700 2,700 2,700 Supplies 2,500 2,000 500 500 Equipment 11,132 11,132 11,132 Accumulated depreciation 1,265 253 1,518 1,518 Accounts payable 2,100 2,100 2,100 unearned service revenue 700 470 230 230 common stock 9,677 9,677 9,677 Retained earnings 3,400 3,400 3,400 dividends 1,200 1,200 1,200 Service revenue 6,500 470 6,970 6,970 Salaries & wage exp 1,500 800 2,300 2,300 Misc expense 310 310 310 totals 23,642 23642 supplies expense 2,000 2,000 2,000 Depreciation expense 253 253 253 Salaries &wages payble 800 800 800 totals 3523 3,523 24,695 24695 4863 6,970 19,832 17725 net income 2,107 2,107 totals 2,107 6,250 19,832 19832