Sheridan Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,590 Accounts Receivable 3,890 Supplies 480 Accounts Payable $2,000 Unearned Service Revenue Owner's Capital 200 3,410 Owner's Drawings 710 Service Revenue 5,960 Salaries and Wages Expense 1,400 Miscellaneous Expense 370 Supplies Expense 1,760 Salaries and Wages Payable 630 $12,200 $12,200 1. 3. Service Revenue Income Summary (To close revenue account) Income Summary Salaries and Wages Expense Miscellaneous Expense Supplies Expense (To close expense accounts) Income Summary Owner's Capital (To close net income/(loss)) 4. Owner's Capital Debit 5960 Credit 5960 1750 540 5960 1450 300 2000 1750 (To close net income/(loss)) Owner's Capital Owner's Drawings (To close drawings) 540 540