Indicate which of the following statements are true or false regarding the work sheet. The work sheet is essentially a working tool of the accounting. The work sheet cannot be used as a basis for posting to ledgers. The work sheet is distributed to management and other interested parties. Financial statements can be prepared directly from the work sheet before journalizing and posting the adjusting entries. The ledger of W. S. Juice Bar includes the following unadjusted balances: Service Revenue $60,000; Salaries Expense $28, 950; and Prepaid Rent $6,000. Adjusting entries are required for (a) services provided for $1,000 but not yet billed and collected: (b) accrued salaries payable of $1, 350; and (c) expired rent of $2,000. Enter the unadjusted balances and adjustments into a work sheet, and complete the work sheet for all accounts