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Exercise 4-03 a1-a3 The adjusted trial balance columns of the worksheet for Sandhill Company are as follows. The owner did not make any additional investments

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Exercise 4-03 a1-a3 The adjusted trial balance columns of the worksheet for Sandhill Company are as follows. The owner did not make any additional investments in the business in April. SANDHILL COMPANY Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,300 Accounts Receivable 7,500 Prepaid Rent 2,300 Equipment 22,800 Accumulated Depreciation-Equip. 4,800 Notes Payable 5.700 Accounts Payable 5,000 Owner's Capital 28,010 Owner's Drawings 3.700 Service Revenue 15,500 Salaries and Wages Expense 10.800 Rent Expense 900 Depreciation Expense 710 Interest Expense 40 Interest Payable 40 Totals 59,050 59,050 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) SANDHILL COMPANY Income Statement $ SHOW LIST OF ACCOUNTS Prepare an owner's equity statement. (List items that increase owner's equity first.) SANDHILL COMPANY Owner's Equity Statement $ $ SHOW LIST OF ACCOUNTS Prepare a cassified balance sheet. (List Current Assets in order of liquidity.) SANDHILL COMPANY Balance Sheet Assets Liabilities and Owner's Equity $ SHOW LIST OF ACCOUNTS

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