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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 | ||||||
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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 |
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$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 | |||
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Debit | Credit | ||
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Totals | $ | $ |
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