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The following information is from the Income Statement of Sheridan's Lawn Service for the quarter ending September 2022: Service Revenue 54000 Expenses Salaries and Wages

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The following information is from the Income Statement of Sheridan's Lawn Service for the quarter ending September 2022: Service Revenue 54000 Expenses Salaries and Wages expense $3100 200 Supplies expense Insurance expense Total expenses Net Income 3830 $170 The balance in Retained Earnings at July 1 was $3600. Sheridan's distributed dividends of $3100 during the period. Prior to closing Income Surnmary, the account will have a balance of $3100 debit $4060 credit $170 debit $170 credit

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