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Sheffield Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is shown

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Sheffield Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is shown as follows. Credit No. 101 112 157 158 201 208 311 320 332 400 Sheffield Company Adjusted Trial Balance July 31, 2022 Account Titles Debit Cash $10,650 Accounts Receivable 9,500 Equipment 16,500 Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Comnton Stock Retained Earnings Dividends 15,500 Service Revenue Rent Revenue Depreciation Expense 8,000 Salaries and Wages Expense 56,200 Utilities Expense 14,500 $130,850 $7.100 4.150 1,700 22,400 26,000 63,000 6,500 429 711 726 732 $130,850 UIT VU 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 July 31 I (To close revenue accounts) July 31 (To close expense accounts) July 31 (To close net income / (loss)) July 31 (To close dividends) Chegg Study Textbook Solutions Expert Q&A Practice Concord Company Retained Earings Statement + * SHOW LIST OF ACCOUNTS LINK TO TEXT Concord Company Balance Sheet Assets + Liabilities and Stockholders' Equity MAAR AA- YARI Liabilities and Stockholders' Equity Click If you would like to Show Work for this question: Open Show Work

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