August 31, 2017 Before Adjustment After Adjustment Dr. Cr Dr. Cr Cash $10,360 $10,360 Accounts Receivable 8,140 8,780 Supplies Prepaid Insurance 1,070 2,890 4,060 2,760 Equipment Accumulated Depreciation -Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue 15,570 15,570 $3,503 $4,703 5,170 5,170 1,520 2,030 1,120 Common Stock 16,620 16,620 Retained Earnings 5,350 5,350 2,790 Dividends 2,790 33,040 Service Revenue 33,680 12,710 Rent Revenue 13,620 Salaries and Wages Expense 18,230 16,710 Supplies Expense 1,820 17,903 Rent Expense 17.903 Insurance Expense 1,300 1.200 Depreciation Expense $78,423 578,423581 295 $81,783 $81,783 SHERIDAN COMPANY Income Statement For the Year Ended August 31, 2017 Retained Earnings, August 31, 2017 Y Service Revenue 33,680 Rent Revenue 13,620 Retained Earnings. September 1, 2016 47,300 Expenses Salaries and Wages Expense 18,230 Supplies Expense 1,820 Rent Expense 17,903 Insurance Expense 1,300 Depreciation Expense 1,200 Total Expenses 40,453 Net Income/ (Loss) 6,847 Your answer is correct. Prepare the retained earnings statements for the year ended August 31. (List items b SHERIDAN COMPANY Retained Earnings Statement For the Year Ended August 31, 2017 T Retained Earnings, September 1, 2016 5,350 Add !!Net Income / (Loss) 6,847 12,197 Less Dividends 2,790 Retained Earnings, August 31, 2017 9,407 Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.) SHERIDAN COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Qpen Show Work Click if you would like to Show Work for this