The trial balance columns of the worksheet for Lampert Roofing at March 31, 2020, are as follows.
Other data:
1. A physical count reveals only $550 of roofing supplies on hand.
2. Depreciation for March is $250.
3. Unearned service 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 a retained earnings statement for the month of March and a classified at March 31.
c. Journalize the adjusting entries from the adjustments columns of the worksheet.
d. Journalize the closing entries from the financial statement columns of the worksheet.
