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Sheridan Co, was organized on July 1, 2022 Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown
Sheridan Co, was organized on July 1, 2022 Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. SHERIDAN CO. Trial Balance September 30, 2022 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $8,600 $8,600 Accounts Receivable 10,400 11,600 Supplies 1,450 700 Prepaid Rent 2,150 1.200 Equipment 18,800 18,800 Accumulated Depreciation-Equipment $0 $ 700 Notes Payable 9,700 9.700 Accounts Payable 2.500 2.500 0 700 82 Salaries and Wages Payable Interest Payable 0 97 Unearned Rent Revenue 1,900 1,000 Owner's Capital 22.300 22.300 Owner's Drawings 1,600 1,600 Service Revenue 16,590 17,790 Rent Revenue 1420 2,320 Salaries and Wages Expense 7,900 8.600 Rent Expense 1,950 2,900 Depreciation Expense 700 Supplies Expense 750 Utilities Expense 1.560 1.560 Interest Expense 97 $54,410 $54.410 $57.107 $57.107 Prepare a statement of owner's equity for the 3 months ending September 30, 2022. (List items that increase wher's equity is SHERIDAN CO. Owner's Equity Statement For the Quarter Ended September 30, 2022 Owner's Capital, September 30 22300
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