Sheridan Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows Credit Debit $8.900 9.400 16,000 No. 101 112 157 158 201 208 301 306 400 429 711 726 732 Sheridan Company Adjusted Trial Balance July 31, 2020 Account Titles Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense $7,300 4,800 2.300 46.600 16,100 63,700 6,000 8,700 56,500 15.100 $130,700 $130,700 Owner's Capital Debit Credit No. 301 Balance Date Explanation July 31 July 31 July 31 Income Summary Debit No. 350 Balance Credit Date Explanation July 31 July 31 July 31 Debit Credit Date Account Titles and Explanation uly Service Revenue 31 63700 Rent Revenue 6000 Income Summary (To close revenue accounts) 69700 July 31 Income Summary 80300 Depreciation Expense 8700 Salaries and Wages Expense 56500 15100 Utilities Expense (To close expense accounts) Owner's Capital July 31 10600 10600 Income Summary (To close net income / (loss)) Income Summary July 31 16100 16100 Owner's Drawings (To close drawings)