An analysis of transactions for Sheridan Company, a certified public accounting firm, for the month of August is as foll that August is the company's first month of business. Liabilities + Assets Accounts Receivable + Supplies Accounts Payable + + Equipment + Common Stock $14,600 + Reven $4,300 $2,500 $750 1. 2. 3. 4. 5. 6. 7. Cash $14,600 - 1,800 -750 5,100 -1,000 -1,900 -700 $3,500 $8. -1.000 8. 350 -350 -4,000 9. 10. 550 ransactions for Sheridan Company, a certified public accounting firm, for the month of August is as follows. Assume he company's first month of business. Liabilities Accounts Payable Stockholders' Equity Retained Earnings Expenses. Dividend oment Common Stock $14,600 + + Revenues 54,300 $2,500 $8,600 Service Revenue - 1,000 -$1,900 -$700 Rent Expense -4,000 -550 Salaries/Wages Expense Utilities Expense 550 Prepare an income statement for August. Sheridan Company Income Statement > > $ Dividends Expenses Net Income / (Loss) Retained earnings, August 1 Retained earnings, August 31 Revenues Total Expenses Total Revenues Investment