An alphabetical list of Sheridans Company adjusted accounts at its fiscal year end, August 31, 2021, follows. All accounts have normal balances. Accounts payable $15,570 Notes payable $42,000 Accumulated depreciation-equipment 14,000 Prepaid insurance 575 Accumulated depreciation-furniture 17,500 R. Smistad, capital 65,750 Cash 18,360 R. Smistad, drawings 78,000 Cost of goods sold 272,200 Rent expense 24,400 Depreciation expense 7,090 Salaries expense 50,200 Equipment 35,000 Salaries payable 2,250 Furniture 42,000 Sales 468,000 Insurance expense 3,575 Sales returns and allowances 16,300 Interest expense 2,170 Supplies 950 Interest payable 625 Supplies expense 6,325 Merchandise inventory 71,150 Unearned revenue 2,600 Additional information: 1. Of the notes payable, $6,300 becomes due on February 17, 2022. The balance is due in 2023. 2. On July 18, 2021, R. Smistad invested $3,700 cash in the business