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Sheridan Company ended its fiscal year on July 31, 2020. The companys adjusted trial balance as of the end of its fiscal year is as

Sheridan Company ended its fiscal year on July 31, 2020. The companys adjusted trial balance as of the end of its fiscal year is as follows.

Sheridan Company Adjusted Trial Balance July 31, 2020

No.

Account Titles

Debit

Credit

101 Cash

$8,100

112 Accounts Receivable

8,900

157 Equipment

15,800

158 Accumulated DepreciationEquip.

$7,200

201 Accounts Payable

4,800

208 Unearned Rent Revenue

1,900

301 Owners Capital

44,900

306 Owners Drawings

16,400

400 Service Revenue

64,900

429 Rent Revenue

6,400

711 Depreciation Expense

9,200

726 Salaries and Wages Expense

56,600

732 Utilities Expense

15,100

$130,100

$130,100

Prepare a post-closing trial balance at July 31.

SHERIDAN COMPANY Post-Closing Trial Balance the Year Ended July 31, 2020

Debit

Credit

Totals

$

$

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