Sheridan Chiropractic is a company owned by Nancy Sheridan that provides chiropractic services and sells nutritional products. The chart of accounts and balances as of November 30 are as follows Cash, $252,500 Accounts Receivable, $2,475 Supplies, $1,280 Prepaid Rent Prepaid Insurance Merchandise Inventory $1,845 Equipment Accounts Payable, $3,858 Sales Tax Payable Capital, N. Sheridan, $254,242 Drawing, N. Sheridan Chiropractic Income Nutritional Product Sales Cost of Merchandise Sold Utilities Expense