Sheridan Management Services began business on January 1, 2020, with a capital investment of $115,600. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Sheridan Management Services Worksheet For the Year Ended December 31, 2020 Trial Balance Dr. Cr. Cash 13,800 Accounts Receivable 28,300 Prepaid Insurance 3,852 Land 68,200 Buildings 126,100 Equipment 58,700 Accounts Payable 12,100 Unearned Rent Revenue 6,000 Mortgage Payable 115,600 Owner's Capital 147,252 Owner's Drawings 21,500 Service Revenue 91,300 Rent Revenue 29,300 Salaries and Wages Expense 41,600 Advertising Expense 20,300 Utilities Expense 19.200 Totals 401,552 401,552 Insurance Expense Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Interest Expense Interest Payable Totals Adjusted Trial Balance Dr. Cr. 13.800 28,300 2,568 68,200 126,100 58,700 12,100 1,600 115,600 147.252 21,500 91,300 33,700 41,600 20,300 19,200 1,284 6,400 3,000 3,400 10,900 10,900 418,852 418,852 Prepare a complete WUIKSTEEL. Adjustments Trial Balance Dr. Cr. Account Titles Dr. Cr. Cash 13,800 Accounts Receivable 28,300 Prepaid Insurance 3,852 Land 68,200 Buildings 126,100 Equipment 58,700 Accounts Payable 12.100 Unearned Rent Revenue 6,000 Mortgage Payable 115,600 Owner's Capital 147,252 Owner's Drawings 21,500 Service Revenue 91,300 Rent Revenue 29,300 Salaries and Wages Expense 41,600 Advertising Expense 20,300 Utilities Expense 19,200 Totals 401,552 401,552 401,552 Totals 401,552 401,552 Insurance Expense Depr. Expense Accum. Depr.- Buildings Accum. Depr.-Equipment Interest Expense Interest Payable Totals Net Income Totals e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 15% score reduction after attempt 2