Question 52 of 52 -/1 View Policies Sheridan was founded in January 2013. Presented below are adjusted and unadjusted trial balances as of December 31, 2020, Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Rent Expense SHERIDAN TRIAL BALANCE DECEMBER 31, 2020 Unadjusted Dr. Cr. $24,000 21,500 8,000 2,700 61,000 $32,000 6,000 -0- 9,000 6,700 -0- 15,000 7,000 61,600 14,700 Adjusted Dr. Cr. $24,000 26,200 2,400 2,250 61,000 $37.000 6,000 270 9,000 5,200 1,300 15,000 7,000 67,800 16,000 450 670 5.000 5,600 5.000 $148,570 $148.570 400 5,000 $137.300 $137,300 Ch 3: End-of-Chapter Practice Question 52 of 52 -/1 Your Answer Correct Answer Journalize the annual adjusting entries that were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec 31 (To record accrued service revenue) Dec 31 (To record earned service revenue) Dec. 31 (To record supplies used) Dec 31 Dec. 31 (To record depreciation on equipment) Dec. 31 (To record interest accrued on the note) Dec. 31 MacBooK 30 # 2 $ 4 % 3 * 6 & 7 9 Q E R T . Y S C Ch 3: End-of-Chapter Practice Question 52 of 52 -/1 ili (To record supplies used) Dec 31 (To record depreciation on equipment) Dec 31 (To record interest accrued on the note) Dec. 31 (To record expired insurance) Dec. 31 (To record accrued wages) e Textbook and Media List of Accounts Your Answer Correct Answer MacBOSCH DOO IL 17 2 3 $ 4 % 5 6 6 & 7 8 9 W E R