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Here are the current account balances (Part 1 transactions not included) for Sharon's Stones: Income Statement account Amount (dr/cr) Balance Sheet account Amount (dr/cr) Sales
Here are the current account balances (Part 1 transactions not included) for Sharon's Stones: Income Statement account Amount (dr/cr) Balance Sheet account Amount (dr/cr) Sales Revenue 900 cr Cash 4,330 de Service Revenue 150 cr Accounts Receivable 450 dr Cost of Goods Sold Expense 400 dr Inventory 800 di utilities Experie: 220 dr Equipment 3,000 de Accounts Payable 1.200 cr Bank Loan 2,250 cr Sharon, Capital 5,000 cr Sharon, Withdrawals 300 di 10) Make the necessary adjusting entries for the August month-end. Also, make a list of updated income statement and balance sheet accounts (and their dr/er balances) after these adjustments are done
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