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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 Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals Adjusted Trial Balance Dr. Cr. 11,800 7,200 2,200 23,100 3,600 11,000 800 620 50 60,370 5,300 5,900 4,700 28,620 15,800 50 60,370 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 owner's 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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Since an adjusted Trial Balance is providedthere will be no further adjustments necessary to prepare the final accountsAn adjusted Trial Balance is a list of balances from the general ledger that have ...Get Instant Access to Expert-Tailored Solutions
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