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. No. Credit 101 112 157 158 201 208 301 Sheridan Company Adjusted Trial Balance July 31, 2020 Account Titles Debit Cash $8,900 Accounts Receivable 9,400 Equipment 16,000 Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings 16,100 Service Revenue Rent Revenue Depreciation Expense 8,700 Salaries and Wages Expense 56,500 Utilities Expense 15,100 $130,700 $7,300 4,800 2,300 46,600 306 400 429 711 726 732 63,700 6,000 $130,700 Date Account Titles and Explanation Debit Credit July 31 Service Revenue 63700 Rent Revenue 6000 69200 Income Summary (To close revenue accounts) Income Summary July 31 30300 Depreciation Expense Salaries and Wages Expense 56500 Utilities Expense (To close expense accounts) Owner's Capital July 31 10500 Income Summary (To close net income / (loss)) Owner's Capital July 31 16100 Owner's Drawings (To close drawings) Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number c.8. -45 or parentheses e.g. (45).) Date Explanation Owner's Capital Debit Credit No. 301 Balance July 31 July 31 July 31 Income Summary Debit No. 350 Date Explanation Credit Balance July 31 July 31 July 31