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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
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 No. 101 112 157 158 201 208 301 306 400 429 711 726 732 Sheridan Company Adjusted Trial Balance July 31, 2020 Account Titles Debit Cash $10,100 Accounts Receivable 9,200 Equipment 15,500 Accumulated Depreciation Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings 16,100 Service Revenue Rent Revenue Depreciation Expense 7.700 Salaries and Wages Expense 56,200 Utilities Expense 15,100 $129,900 $7,600 4,600 1,500 47,000 63,000 6,200 $129.900 TE Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg 45 or parentheses eg (451) SHERIDAN COMPANY Income Statement For the Year Ended July 31, 2020 Total Revenues Service Revenue $
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