Current Attempt in Progress Sheridan Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue $0 0 6,000 0 10,000 4.080 0 2,600 29,000

No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 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. 1. Sheridan Company borrowed $10,200 by signing a 9%, one-year note on September 1,2022 . 2. A count of supplies on December 31,2022, indicates that supplies of $960 are on hand. 3. Depreciation on the equipment for 2022 is $2,200. 4. Sheridan paid $4,080 for 12 months of insurance coverage on June 1, 2022. 5. On December 1,2022, Sheridan collected $29,000 for consulting services to be performed evenly from December 1,2022. through March 31,2023. 6. Sheridan performed consulting services for a client in December 2022 . The client will be billed $4,200. 7. Sheridan pays its employees total salaries of \$5,300 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 2022. Current Attempt in Progress Sheridan Company has the following balances in selected accounts on December 31, 2022