Question
The adjusted trial balance for Sheridan Company is given below: SHERIDAN COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr.
The adjusted trial balance for Sheridan Company is given below: SHERIDAN COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,360 $10,360 Accounts Receivable 8,140 8,780 Supplies 2,890 1,070 Prepaid Insurance 4,060 2,760 Equipment 15,570 15,570 Accumulated DepreciationEquipment $3,503 $4,703 Accounts Payable 5,170 5,170 Salaries and Wages Payable 0 1,520 Unearned Rent Revenue 2,030 1,120 Common Stock 16,620 16,620 Retained Earnings 5,350 5,350 Dividends 2,790 2,790 Service Revenue 33,040 33,680 Rent Revenue 12,710 13,620 Salaries and Wages Expense 16,710 18,230 Supplies Expense 0 1,820 Rent Expense 17,903 17,903 Insurance Expense 0 1,300 Depreciation Expense 0 1,200 $78,423 $78,423 $81,783 $81,783
Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)
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