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Sheffield Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown
Sheffield Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Sheffield Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $10,100 112 Accounts Receivable 8,500 157 Equipment 16,500 158 Accumulated Depreciation-Equip. $7,700 201 Accounts Payable 4,100 208 Unearned Rent Revenue 2,400 311 Common Stock 16,000 320 Retained Earnings 29,400 332 Dividends 16,000 400 Service Revenue 64,500 429 Rent Revenue 6,000 711 Depreciation Expense 8,500 726 Salaries and Wages Expense 56,000 732 Utilities Expense 14,500 $130,100 $130,100 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e. Sheffield Company Income Statement e Textbook and Media Prepare a retained earnings statement for the year. Sheffield Company Retained Earnings Statement $ e Textbook and Media List of Accounts Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Sheffield Company Balance Sheet Assets Liabilities and Stockholders' Equity eTextbook and Media List of Accounts
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