Record the adjustments that were made. Ulf o transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity iter that was reduced.) Assets Cash Accts. Rec. Supplies Prepd. Rent Bal. 7.370 440 1,320 Adj. 1. 660 Adj. 2. -1116 Adj. 3. Adj. 4. Adj. 5. Adj. 6. Adj. 7 Adj. Bal. 7.370 1,100 204 Record the adjustments that were made. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative siyn for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ets Prepd. Rent Equip. Acc. Depr: Equip. Notes Pay. 1.980 16,500 0 5,500 -990 385 990 16,500 385 5,500 action results in a decrease in Assets, Liabilities or Stockholders'Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Accts. Pay. Sal./Wages Pay. Int. Pay Unearn. Rent. Rev. 1,171 0 0 1,10 660 55 -220 1.171 660 55 BE Record the adjustments that were made. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Unearn. Rent. Rev. Com. Stock Rev. Exp. 1.100 15,400 16,280 -11,181 660 -1116 -990 385 -660 -55 -220 220 880 15,400 17.160 -14.387 Record the adjustments that were made. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Rev. Exp. Div 16,280 -11,181 660 660 Service Revenue 1116 Rent Expense -990 Supplies Expense -385 Depreciation Expense 660 Interest Expense -55 Rent Revenue 220 Salaries & Wages Expense 17,160 -14,387 660 Sheffield Corp. Income Statement For the Quarter Ended September 30, 2022 Revenues Service Revenue $ 660 Rent Revenue -55 Total Revenues $ 605 Expenses Rent Expense -1116 Supplies Expense -990 Depreciation Expense -385 i Interest Expense -660 Salaries and Wages Experise 220 expe Total Expenses II Net Income /(Loss) Sheffield Corp. was organized on July 1, 2022 Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022 is shown as follows. The $16,280 in the revenue column includes Service Revenue: $15.510 and Rent Revenue: $770. The $11.181 in the expense column includes Sataries and Wages 89,680, Rent $990, and Utilities $511. Assets Liabilities Accts. Rec Cash . Depr. Equip Prepd. Rent + Supplies + Notes Pay Accts. Pay Sal./Wages Pay. + Equip Int. + Pay + + Bal. 7.370 + 440 + 1.320 + 1.980 + 16,500 0 - 5,500 + 1.171 + 0+ Adj. 1. Adj. 2 Adj. 3. Adj. 4. Adj. 5. Adj. 6. Adj. 7 Adj. Bal. 7,370 + 1.100 + 204 + 990 + 16,500 385 5,500 + 1,171 + 660+ 55 Record the adjustments that were made. Ulf o transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity iter that was reduced.) Assets Cash Accts. Rec. Supplies Prepd. Rent Bal. 7.370 440 1,320 Adj. 1. 660 Adj. 2. -1116 Adj. 3. Adj. 4. Adj. 5. Adj. 6. Adj. 7 Adj. Bal. 7.370 1,100 204 Record the adjustments that were made. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative siyn for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ets Prepd. Rent Equip. Acc. Depr: Equip. Notes Pay. 1.980 16,500 0 5,500 -990 385 990 16,500 385 5,500 action results in a decrease in Assets, Liabilities or Stockholders'Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Accts. Pay. Sal./Wages Pay. Int. Pay Unearn. Rent. Rev. 1,171 0 0 1,10 660 55 -220 1.171 660 55 BE Record the adjustments that were made. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Unearn. Rent. Rev. Com. Stock Rev. Exp. 1.100 15,400 16,280 -11,181 660 -1116 -990 385 -660 -55 -220 220 880 15,400 17.160 -14.387 Record the adjustments that were made. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Rev. Exp. Div 16,280 -11,181 660 660 Service Revenue 1116 Rent Expense -990 Supplies Expense -385 Depreciation Expense 660 Interest Expense -55 Rent Revenue 220 Salaries & Wages Expense 17,160 -14,387 660 Sheffield Corp. Income Statement For the Quarter Ended September 30, 2022 Revenues Service Revenue $ 660 Rent Revenue -55 Total Revenues $ 605 Expenses Rent Expense -1116 Supplies Expense -990 Depreciation Expense -385 i Interest Expense -660 Salaries and Wages Experise 220 expe Total Expenses II Net Income /(Loss) Sheffield Corp. was organized on July 1, 2022 Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022 is shown as follows. The $16,280 in the revenue column includes Service Revenue: $15.510 and Rent Revenue: $770. The $11.181 in the expense column includes Sataries and Wages 89,680, Rent $990, and Utilities $511. Assets Liabilities Accts. Rec Cash . Depr. Equip Prepd. Rent + Supplies + Notes Pay Accts. Pay Sal./Wages Pay. + Equip Int. + Pay + + Bal. 7.370 + 440 + 1.320 + 1.980 + 16,500 0 - 5,500 + 1.171 + 0+ Adj. 1. Adj. 2 Adj. 3. Adj. 4. Adj. 5. Adj. 6. Adj. 7 Adj. Bal. 7,370 + 1.100 + 204 + 990 + 16,500 385 5,500 + 1,171 + 660+ 55