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Here are the current account balances (Part 1 transactions not included) for Sharons 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 Sharons Stones:
Income Statement account Amount (dr/cr) Balance Sheet account Amount (dr/cr)
Sales Revenue 900 cr Cash 4,330 dr
Service Revenue 150 cr Accounts Receivable 450 dr
Cost of Goods Sold Expense 400 dr Inventory 800 dr
Utilities Expense 220 dr Equipment 3,000 dr
Accounts Payable 1,200 cr
Bank Loan 2,250 cr
Sharon, Capital 5,000 cr
Sharon, Withdrawals 300 dr
II) 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/cr balances) after these adjustments are done.

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