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The adjusted trial balance columns of the worksheet for Sheridan Company are as follows. The owner did not make any additional investments in the
The adjusted trial balance columns of the worksheet for Sheridan Company are as follows. The owner did not make any additional investments in the business in April. SHERIDAN COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11,800 Accounts Receivable 7,200 Prepaid Rent 2,200 Equipment 23,100 Accumulated Depreciation-Equip. Notes Payable Accounts Payable 5,300 5,900 4,700 Owner's Capital 28,620 Owner's Drawings 3,600 Service Revenue 15,800 Salaries and Wages Expense 11,000 Rent Expense 800 Depreciation Expense 620 Interest Expense 50 Interest Payable 50 Totals 60,370 60,370 (a1) Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Revenues SHERIDAN COMPANY Income Statement For the Month Ended April 30, 2022 (a2) Revenues Service Revenue Expenses Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Total Expenses Net Income/(Loss) eTextbook and Media List of Accounts SHERIDAN COMPANY Income Statement For the Month Ended April 30, 2022 Your answer is partially correct. Prepare an owner's equity statement. (List items that increase owner's equity first.) SHERIDAN COMPANY Owner's Equity Statement For the Month Ended April 30, 2022 Owner's Capital, April 1 Add Net Income/(Loss) Less Drawings Owner's Capital, April 30 28620 3300 31920 3600 i 28320 11000 i 800 i 620 i 50 i 15800 12470 3330 Attempts: 1 of 2 used
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