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The adjusted trial balance columns of the worksheet for Sandhill Company are as follows. The owner did not make any additional investments in the business

The adjusted trial balance columns of the worksheet for Sandhill Company are as follows. The owner did not make any additional investments in the business in April.

SANDHILL COMPANY Worksheet (partial) For the Month Ended April 30, 2020

Adjusted Trial Balance

Account Titles

Dr.

Cr.

Cash 10,300
Accounts Receivable 7,500
Prepaid Rent 2,300
Equipment 22,800
Accumulated DepreciationEquip. 4,800
Notes Payable 5,700
Accounts Payable 5,000
Owners Capital 28,010
Owners Drawings 3,700
Service Revenue 15,500
Salaries and Wages Expense 10,800
Rent Expense 900
Depreciation Expense 710
Interest Expense 40
Interest Payable 40
Totals 59,050

59,050

Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Prepare an owners equity statement. (List items that increase owner's equity first.

Prepare a classified balance sheet. (List Current Assets in order of liquidity.)

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