Current Attempt in Progress

Sheridan Company has the following balances in selected accounts on December $31,2022.$

All the accounts have normal balances. The information below has been gathered at December $31,2022.$ Interest will be paid when the

note is repaid.

Sheridan Company borrowed $$10,700$ by signing a $9\%,$ one$-$year note on September $1,2022$

A count of supplies on December $31,2022,$ indicates that supplies of $$930$ are on hand.

Depreciation on the equipment for $2022$ is $$1,200.$

Sheridan paid $$2,280$ for $12$ months of insurance coverage on June $1,2022.$

On December $1,2022,$ Sheridan collected $$31,000$ for consulting services to be performed evenly from December $1,2022,$

through March $31,2023.$

Sheridan performed consulting services for a client in December $2022.$ The client will be billed $$4,500.$

Sheridan pays its employees total salaries of $$5,100$ every Monday for the preceding $5-$day week $($Monday through Friday$).$

On Monday, December $29,$ employees were paid for the week ending December $26.$ All employees worked the last $3$ days of

Prepare adjusting entries for the seven items described above. Devin Wolf prepares adjustments annually. $($List all debit entries before

credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

No$.$ Account Titles and Explanation