SASSE ROOFING

WORKSHEET
FOR THE MONTH ENDED MARCH 31, 2010

Account Titles Trial Balance Adjustments Adjusted Trial Balance

DR CR DR CR DR CR
Cash 4,500 4,500
Account Receivable 3,200 3,200
Roofing Supplies 2,000 1,350 650
Equipment 11,000 11,000
Accumulated Depreciation-Equipment 1,250 250 1,500
Accounts Payable 2,500 2,500
Unearned Revenue 550 380 170
J. Sasse, Capital 12,900 12,900
J. Sasse, Drawing 1,100 1,100
Service Revenue 6,300 380 6,680
Salary Expense 1,300 600 1,900
Miscellaneous Expenses 400 400
*Depreciation Expense 250 250
*Roofing Supplies Expenses 1,350 1,350
*Salaries Payable 600 600
Total $ 23,500.00 $ 23,500.00 2,580 2,580 $ 24,350.00 $ 24,350.00

SASSE ROOFING
Owner's Equity Statement
FOR THE MONTH ENDED MARCH 31, 2010

J. Sasse, Capital 12,900

Net Income 2,780
 15,680
Less: J.Sasse, Drawing 1,100
J. Sasse, CapitaL, March 31 $ 14,580.00

SASSE ROOFING
Balance Sheet
FOR THE MONTH ENDED MARCH 31, 2010

Assets
Cash 4,500
Accounts Receivable 3,200
Roofing Supplies 650
Equipment 11,000
Less: Accumulated Depreciation 1,500 9,500
Total Assets $ 17,850.00

Liabilities and Owner's Equity

Liabilities
Salaries Payable 600
Accounts Payable 2,500
Unearned Revenues 170
Total Liabilities 3,270

Owner's Equity
J.Sasse Capital 14,580
Total Liablities & Owner's Equitiy $ 17,850.00
 SASSE ROOFING
INCOME STATEMENT
FOR THE MONTH ENDED MARCH 31, 2010

Revenue:
Service Revenue 6,680

Total Revenue $ 6,680

Expenses:

Salary Expense 1,900

*Depreciation Expense 250
*Roofing Supplies Expenses 1,350
Miscellaneous Expenses 400
Total expenses 3,900

Net Income $ 2,780

 SASSE ROOFING
BALANCE SHEET
MONTH ENDED MARCH 31, 2010

Cash 4,500
Account Receivable 3,200
Roofing Supplies 650
Equipment 11,000
Accumulated Depreciation-Equipment (1,500) 9,500

Total Assets 17,850

Accounts Payable 2,500

Unearned Revenue 170

J. Sasse, Capital 15,680

J. Sasse, Drawing (1,100)

Total Liability and Capital $ 17,250