Lavigne Roofing

Work Sheet
Month ended March 3, 2003
Unadjusted Trial balance Adjustment Adjusted Trial Balance
account title Dr Cr Dr Cr Dr

Cash $2,500.00 $2,500.00

Accounts receivable $1,600.00 $1,600.00
roofing supplies $1,100.00 $780.00 $320.00
Equipment $6,000.00 $6,000.00
Accumulated Amortization-equip $1,200.00 $100.00
Accounts payable $1,100.00
Unearned Revenue $300.00 $100.00
J.lavigne, Capital $7,000.00
J.lavigne,Drawings $600.00 $600.00
Service Revenue $3,000.00 $100.00
Salaries Expense $700.00 $400.00 $1,100.00
Miscellaneous Expense $100.00 $100.00
Supplies Expense $780.00 $780.00
Rent Expense $800.00 $800.00
Ammortization expense-Equipment $100.00 $100.00
Salaries Payable $400.00
Rent Payable $800.00

Total $12,600.00 $12,600.00 $2,180.00 $2,180.00 $13,900.00

Net income
Totals
Adjusted Trial Balance Income Statement Balance Sheet
Cr Dr Cr Dr Cr

$2,500.00
$1,600.00
$320.00
$6,000.00
$1,300.00 $1,300.00
$1,100.00 $1,100.00
$200.00 $200.00
$7,000.00 $7,000.00
$600.00
$3,100.00 $3,100.00
$1,100.00
$100.00
$780.00
$800.00
$100.00
$400.00 $400.00
$800.00 $800.00

$13,900.00 $2,880.00 $3,100.00 $11,020.00 $10,800.00

$220.00 $220.00
$3,100.00 $3,100.00 $11,020.00 $11,020.00
 Lavigne Roofing
Income Statement
Month ended March 31,2003
Account Debit Credit
Revenue
Service Revenue $3,100.00

Expenses
Ammortization expense-Equipment $100.00
Miscellaneous Expense $100.00
Rent Expense $800.00
Salaries Expense $1,100.00
Supplies Expense $780.00 $2,880.00
Net income $220.00
 Lavigne Roofing
Balance Sheet
Month ended March 31, 2003
Assets

Current assets
Cash $2,500.00
Accounts recievable $1,600.00
Roofing supplies $320.00 $4,420.00

Fixed assets
Equipment $6,000.00
less accumulated amortization-equip $1,300.00 $4,700.00 $4,700.00

Total Assets $9,120.00

Liabilities and owners equity

Current Liabilities
Accounts payable $1,100.00
Rent Payable $800.00
Salaries Payable $400.00
Unearned Revenue $200.00 $2,500.00

Owners Equity
J, Lavigne , Capital $6,620.00

TOTAL L + OE $9,120.00
 Lavigne Roofing
Statement Of Owners Equity
Month ended March 31, 2003
J.Lavigne, Capital March 31 $7,000.00
Add: Investment $-
Net Income $220.00 $220.00
$7,220.00
Less Drawing $600.00
J.Lavigne, Capital, March 31 $6,620.00
Date Account Debit Credit J1
2003 Adjusting Entries

Mar-31 Roofing Supplies Expense $780.00

Roofing Supplies $780.00

31 Amortization Expense-Equipment $100.00

Accumulated Amortization equip $100.00

31 Unearned Revenue $100.00

Service Revenue $100.00

31 Salaries Expense $400.00

Salaries Payable $400.00

31 Rent expense $800.00

Rent Payable $800.00

Closing entries

Mar-31 Service Revenue $3,100.00

J. Lavigne Capital $3,100.00

31 J.lavigne Capital $2,880.00

Amortization expense $100.00
Misc.Expense $100.00
Rent Expense $800.00
Roofing Supplies Expense $780.00
Salaries Expense $1,100.00

31 J.Lavigne Capital $600.00

J.lavigne Drawings $600.00
 Lavigne Roofing
Post Closing Trial balance
Month ended March 31, 2003
Accounts Debit Credit
Cash $2,500.00
Accounts Receivable $1,600.00
Roofing Supplies $320.00
Equipment $6,000.00
AccumuAmortization-Equip $1,300.00
Accounts Payable $1,100.00
Rent Payable $800.00
Salaries Payable $400.00
Unearned Revenue $200.00
J. Lavigne, Capital $6,620.00
$10,420.00 $10,420.00