Wareen Roofing

Wordksheet
For the Month Ended March 31, 2019

Adjusted Trial
Trial Balance Adjustments Income Statement Balance Sheet
Balance

Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 4,500 4,500
Accounts Receivable 3,200 3,200
Supplies 2,000 (1) 1520 480
Equipment 11,000 11,000
Accumulated Depreciation - Equipment 1,250 (2) 250 1,500
Accounts Payable 2,500 2,500
Unearned Service Revenue 550 (3) 290 260
Owner's Capital 12,900 12,900
Owner's Drawings 1,100 1,100
Service Revenue 6,300 (3) 290 6,590
Salaries and Wages Expense 1,300 (4) 700 2,000
Miscellaneous Expense 400 400
TOTALS 23,000 23,000
Supplies Expense (1) 1520 1,520
Depreciation Expense (2) 250 250
Salaries and Wages Payable (4) 700 700
TOTALS 2760 2760 24,450 24,450
 Entity A
Worksheet
December 31, 2021

Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Account Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 1,920,000 1,920,000 1,920,000
Accounts Receivable 2,200,000 2,200,000 2,200,000
Prepaid Insurance 160,000 (3) 40,000 120,000 120,000
Prepaid Supplies 120,000 (4) 80,000 40,000 40,000
Equipment 1,000,000 1,000,000 1,000,000
Notes Payable 500,000 500,000 500,000
Owner's Capital 2,000,000 2,000,000 2,000,000
Owner's Drawings 1,400,000 1,400,000 1,400,000
Service Fees 6,000,000 6,000,000 6,000,000
Salaries Expense 1,200,000 1,200,000 1,200,000
Utilities Expense 500,000 500,000 500,000
TOTALS 8,500,000 8,500,000
Depreciation Expense - (1) 100,000 100,000 100,000
Equipment

Accumulated Depreciation -
Equipment (1) 100,000 100,000 100,000
Interest Expense (2) 30,000 30,000 30,000
Interest Payable (2) 30,000 30,000 30,000
Insurance Expense (3) 40,000 40,000 40,000
Supplies Expense (4) 80,000 80,000 80,000
TOTALS 250,000 250,000 8,630,000 8,630,000 1,950,000 6,000,000 6,680,000 2,630,000
Profit 4,050,000 4,050,000
6,000,000 6,000,000 6,680,000 6,680,000
 Entity A
Worksheet
December 31, 2021

Trial Balance Adjustments Adjusted Trial Balance

Account Title Dr. Cr. Dr. Cr. Dr. Cr.
Cash 72,000 72,000
Accounts Receivable 136,000 136,000
Merchandise Inventory 598,000 598,000
Office Supplies 42,000 17,000 25,000
Prepaid Advertising 75,000 25,000 50,000
Land 400,000 400,000
Office Building 1,600,000 1,600,000
Accumulated Depreciation -
Office Building 100,000 15,000 115,000
Office Equipment 570,000 570,000
Accumulated Depreciation -
Office Equipment 150,000 20,000 170,000
Accounts Payable 74,000 74,000
Notes Payable - due in 2 years 200,000 200,000
Salaries Payable 21,000 21,000
Mortage Payable 1,100,000 1,100,000
Everdeen, Capital 1,510,000 1,510,000
Everdeen, Withdrawals 200,000 200,000
Sales 4,600,000 4,600,000
Sales Returns and Allowances 187,000 187,000
Sales Discounts 161,000 161,000
Purchases 2,643,000 2,643,000
Purchases Returns and
Allownaces 133,000 133,000
Purchase Discounts 172,000 172,000
Transportation-in 72,000 72,000
Insurance Expense 25,000 25,000
Interest Expense 208,000 208,000
Salaries Expense 862,000 21,000 883,000
Travel Expense 188,000 188,000
Office Supplies Expense 17,000 17,000
Advertising Expense 25,000 25,000
Depreciation Expense - office
building 15,000 15,000
Depreciation Expense - office
equipment 20,000 20,000
8,039,000 8,039,000 98,000 98,000 8,095,000 8,095,000
Profit
 Income Statement Balance Sheet
Dr. Cr. Dr. Cr.
72,000
136,000
598,000 723,000 723,000
25,000
50,000
400,000
1,600,000

115,000
570,000

170,000
74,000
200,000
21,000
1,100,000
1,510,000
200,000
4,600,000
187,000
161,000
2,643,000

133,000
172,000
72,000
25,000
208,000
883,000
188,000
17,000
25,000

15,000

20,000
5,042,000 5,628,000 3,776,000 3,190,000
586,000 586,000
5,628,000 5,628,000 3,776,000 3,776,000