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Part-C (15+5=20) Answer all the questions from the following: follows: Q.16. The trial balance columns of the worksheet for Sasse Roofing at March 31, 2010,

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Part-C (15+5=20) Answer all the questions from the following: follows: Q.16. The trial balance columns of the worksheet for Sasse Roofing at March 31, 2010, are as Page 2 of 3 SASSE ROOFING Worksheet For the Month Ended March 31, 2010 Trial Balance Adjustments Adjusted Trial Balance Account titles Or. Cr. Dr Cr. Dr Cash $4,500 Cr Accounts Receivable 3,200 Rooting Supplies 2,000 Equipment 11,000 Accumulated Depreciation - Equipm $1,250 Accounts Payable 2,500 Uneamed Revenue 550 J. Sasse, Capita 2.900 J. Sasse, Drawing 1,100 Service Revenue 6,300 Salaries Expense 1,300 Miscellaneous Expense 400 Totals 623,500 $23,500 Supplies Expense Depreciation Expense Salaries Payable Totals Net Income TotalsOther data: 1. A physical count reveals only $650 of roofing supplies on hand. 2. Depreciation for March is $250. 3. Unearned service revenue amounted to $170 on March 31. 4. Accrued salaries are $600. Instructions: (7.5+7.5=15) (a) Utilize the worksheet, above, and complete the worksheet. (b) Prepare an income statement and owner's equity statement for the month of March and a classified balance sheet at March 31

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