CALCULATORSTANDARD SHERIDAN COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,360 $10,360 Accounts Receivable 8,140 8,780 Supplies 2,890 1,070 Prepaid Insurance 4,060 2,760 Equipment 15,570 15,570 Accumulated Depreciation -Equipment $3,503 $4,703 Accounts Payable 5,170 5,170 Salaries and Wages Payable 1,520 Unearned Rent Revenue 2,030 1,120 Common Stock 16,620 16,620 Retained Earnings 5,350 5,350 2,790 2,790 Dividends 33,680 33,040 Service Revenue 13,620 12,710 Rent Revenue Salaries and Wages Expense 18,230 16,710 Act 1,820 Supplies Expense 17,903 17,903 Rent Expense 1,300 Insurance Expense 1,200 Depreciation Expense CALCULATOR Depreciation Expense 0 1,200 $78,423 $78,423 $81,783 $81,783 Your answer is partially correct. Try again. Prepare the income statement for the year ended August 31 SHERIDAN COMPANY Income Statement For the Year Ended August 31, 2017 Retained Earnings, August 31, 2017 ly Service Revenue 33,680 Rent Revenue 13,620 47,300 Retained Earnings, September 1, 2016 Expenses 18,230 Salaries and Wages Expense 1,820 Supplies Expense 17,903 Rent Expense CALCULATOR Rent Expense 17,903 Insurance Expense 1,300 Depreciation Expense 1,200 40,453 Total Expenses 6,847 Net Income / (Loss) Open Show Work Click if you would like to Show Work for this question: SHERIDAN COMPANY Retained Earnings Statement For the Year Ended August 31, 2017 Retained Earnings, September 1, 2016