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The trial balances before and after adjustment for Sheridan Company at the end of its fiscal year are presented below. SHERIDAN COMPANY Trial Balance
The trial balances before and after adjustment for Sheridan Company at the end of its fiscal year are presented below. SHERIDAN COMPANY Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,100 $10,100 Accounts Receivable 9,000 9,900 Supplies 2,400 700 Prepaid Insurance 3,900 2,700 Equipment 13.800 13,800 Accumulated Depreciation-Equipment $3,800 $4,300 Accounts Payable 5,800 5,800 Salaries and Wages Payable 0 1,000 Unearned Rent Revenue 1,500 600 Owner's Capital 14,600 14,600 Service Revenue 34,200 35,100 Rent Revenue 11.200 12,100 Salaries and Wages Expense 17,000 18,000 Supplies Expense 0 1,700 Rent Expense 14,900 14,900 Insurance Expense 0 1.200 Depreciation Expense 0 500 $71,100 $71,100 $73,500 $73,500 Prepare the income statement for the year. SHERIDAN COMPANY Income Statement $ Prepare the owner's equity statement for the year. SHERIDAN COMPANY Owner's Equity Statement Prepare the balance sheet at August 31, (List Assets in order of liquidity) SHERIDAN COMPANY Balance Sheet Assets Liabilities and Owner's Equity
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