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The unadjusted and adjusted trial balance for Sheridan Company are as follows. SHERIDAN COMPANY Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr.

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The unadjusted and adjusted trial balance for Sheridan Company are as follows. SHERIDAN COMPANY Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $13,734 $13,734 Accounts Receivable 11,088 11,844 Supplies 3,150 630 Prepaid Insurance 5,040 3,150 Equipment 20,160 20,160 Accumulated Depreciation-Equipment $4,536 $6,048 Accounts Payable 7,308 7,308 Salaries and Wages Payable 1,386 Unearned Rent Revenue 2,268 1,008 Common Stock Retained Earnings 12,600 6,930 12,600 6,930 Dividends 3,528 3,528 Service Revenue 42,840 43,596 Rent Revenue 15,246 16,506 Salaries and Wages Expense 21,420 22,806 Supplies Expense 0 2,520 Rent Expense 13,608 13,608 Insurance Expense 0 1,890 Depreciation Expense 0 1,512 $91,728 $91,728 $95,382 $95,382 Prepare the income statement for the year ended August 31. SHERIDAN COMPANY Income Statement

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