Solution-Balance on a worksheet and complete the worksheet

Balance on a worksheet and complete the worksheet

Assignment Help Cost Accounting

Reference no: EM13547765

The trial balance columns of the worksheet for Gibson Roofing at March 31, 2012, are as follows.

1. A physical count reveals only $550 of roofing supplies on hand.

2. Depreciation for March is $250.

3. Unearned revenue amounted to $210 at March 31.

4. Accrued salaries are $700.

Instructions

(a) Enter the trial balance on a worksheet and complete the worksheet.

(b) Prepare an income statement and owner's equity statement for the month of March and a classified balance sheet at March 31. T. Gibson did not make any additional investments in the business in March.

Reference no: EM13547765

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Balance on a worksheet and complete the worksheet

Reference no: EM13547765

Reference no: EM13547765

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