Marks:20, Time: 45 minutes

The trial balance columns of the worksheet for Warren Roofing at March 31, 2017, are as follows.

WARREN ROOFING
Worksheet
For the Month Ended March 31, 2017

Accounts Titles Trial Balance

Dr Cr
Cash 13800
Accounts Receivable 28,300
Prepaid Insurance 3,600
Roofing supplies 2,000
Land 65,000
Buildings 127,000
Equipment 59,000
Accounts Payable 12,500
Unearned rent revenue 6,000
Mortgage Payable 120,000
Owner’s Capital 144,000
Owner’s Drawings 22,000
Service revenue 90,700
Rent revenue 29,000
Salaries and wages expense 42,000
Advertisement expense 20,500
Utilities expense 19,000
Total 402,200 402,200

Other data:
1. A physical count reveals only $480 of roofing supplies on hand.
2. Depreciation for March is $450.
3. Unearned rent revenue earned $2000 at March 31.
4. Accrued salaries are $700.
5. Prepaid insurance is a 1-year policy starting March 1, 2017
6. Invoices representing $1,700 of services performed during the month have not been recorded as of
March 31.
Instructions:

(a) Prepare adjusting entries.

(b) Enter the trial balance on a worksheet and complete 10 column worksheet.