Exercise 4-22 (Part Level Submission)

The adjusted trial balance for Sheridan Company is given below:

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 DepreciationEquipment				$3,503				$4,703
Accounts Payable				5,170				5,170
Salaries and Wages Payable				0				1,520
Unearned Rent Revenue				2,030				1,120
Common Stock				16,620				16,620
Retained Earnings				5,350				5,350
Dividends		2,790				2,790
Service Revenue				33,040				33,680
Rent Revenue				12,710				13,620
Salaries and Wages Expense		16,710				18,230
Supplies Expense		0				1,820
Rent Expense		17,903				17,903
Insurance Expense		0				1,300
Depreciation Expense		0				1,200
		$78,423		$78,423		$81,783

Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.)

SHERIDAN COMPANY Retained Earnings Statement choose the accounting period For the Month Ended August 31, 2017For the Year Ended August 31, 2017August 31, 2017
select an opening name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, September 1, 2016Retained Earnings, August 31, 2017Dividends		$enter a dollar amount
select between addition and deduction AddLess : select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, September 1, 2016Retained Earnings, August 31, 2017Dividends		enter a dollar amount
		enter a subtotal of the two previous amounts
select between addition and deduction AddLess : select an item ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, September 1, 2016Retained Earnings, August 31, 2017Dividends		enter a dollar amount
select a closing name ExpensesRevenuesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, September 1, 2016Retained Earnings, August 31, 2017Dividends		$enter a total amount