Sheridan Company Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,100 $10,100 Accounts Receivable 8,700 9,800 Supplies 2,500 700 Prepaid Insurance 3,900 2,600 13,900 13,900 Equipment Accumulated Depreciation-Equipment Accounts Payable $3,400 $ 4,400 5,900 5,900 0 1,300 Salaries and Wages Payable Unearned Rent Revenue Common Stock 1,300 700 11,700 11,700 Retained Earnings 3,600 3,600 33,900 35,000 Service Revenue Rent Revenue 11,100 11,700 Salaries and Wages Expense 17,000 18,300 Accumulated Depreciation Equipment $3,400 $ 4,400 Accounts Payable 5,900 5,900 Salaries and Wages Payable 0 1,300 Unearned Rent Revenue 1,300 700 Common Stock 11,700 11,700 Retained Earnings 3,600 3,600 Service Revenue 33,900 35,000 Rent Revenue 11,100 11,700 17,000 18,300 Salaries and Wages Expense Supplies Expense Rent Expense 0 1,800 14,800 14,800 * 0 1,300 Insurance Expense Depreciation Expense 0 1,000 $70,900 $70,900 $74,300 $74,300 Your answer is partially correct. Prepare the income statement for the year. Income Statement For the Year Ended August 31, 2020 Revenues $ Service Revenue 35,000 11.700 Rent Revenue $ 46,700 Total Revenues Expenses 18,300 Salaries and Wages Expense 1,800 Supplies Expense 14.800 i Rent Expense 1.300 i Insurance Expense 1.000 Depreciation Expense 37.200 Total Expenses 9.500 Net Income /(Loss) X Your answer is incorrect. Prepare the retained earnings statement for the year. Sheridan Company Retained Earnings Statement $ $ eTextbook and Media List of Accounts Prepare the balance sheet at August 31. (List Assets in order of liquidity.) Sheridan Company Balance Sheet Assets $ Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity $ $