Prepare worksheet financial statements and adjusting and closing entries.
Sasse roofing worksheet.
1 prepare a trial balance on the worksheet 2 enter adjustment data 3 enter adjusted balances 4 extend adjusted balances to appropriate statement columns and 5 total the statement columns compute net income loss and complete the worksheet.
At march 31 2011 are as follows.
Welcome to california roof services.
10 for all gable roofs 15 for all hip roofs.
Cash 4 500 accounts receivable 3 200 roofing supplies 2 000 equipment 11 000 accumulated.
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All workers employed on public works projects must be paid the prevailing wage determined by the director of the department of industrial relations according to the type of work and location of the project.
Cash 4 500 accounts receivable 3 200 roofing supplies 2 000 equipment 11 000 accumulated depreciation equipment 1 250 accounts payable 2 500 unearned revenue 550 j.
Sasse roofing worksheet for the month ended march 31 2010 trial balance account titles dr.
1 answer to the trial balance columns of the worksheet for warren roofing at march 31 2017 are as follows other data 1.
Roof types we service include metal composition tile slate flat and shingle.
Depreciation for march is 250 3.
Set b p4 1b the trial balance columns of the worksheet for sasse roofing inc.
Unearned revenue amounted to 260 at march 31 4.
Answers to questions 1.
A worksheet is not a permanent accounting record.
We re dedicated to maintaining our reputation and honesty by making your roofing and home improvement needs our main concern.
A physical count reveals only 480 of roofing supplies on hand 2.
At march 31 2011 are as follows.
The worksheet is merely a device used to make it easier to prepare adjusting entries and the financial statements.
The prevailing wage rates are usually based on rates specified in collective bargaining agreements.
If you re a roofing contractor and have worked with insurance claims you ve heard this before.
Sasse drawing 1 100 service revenue 6 300 salaries expense 1 300 miscellaneous expense 400 23 500 23 500 other data.
Accrued salaries are 700 instructions a.
At march 31 2011 are as follows.
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1 answer to the trial balance columns of the worksheet for sasse roofing inc.
Cash 4 500 accounts receivable 3 200 roofing supplies 2 000 equ.
The steps in using a worksheet are performed in the following sequence.
Acc280 financial accountingp4 1b the trial balance columns of the worksheet for sasse roofing inc.
We specializes in repair replacement and installation of residential roofing.
The use of a worksheet is an optional step in the accounting cycle.