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These financial statement items are for Sheridan Company at year-end, July 31, 2022. $1,500 Notes payable (due after 2023) $2,000 Salaries and wages payable Salaries

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These financial statement items are for Sheridan Company at year-end, July 31, 2022. $1,500 Notes payable (due after 2023) $2,000 Salaries and wages payable Salaries and wages expense Utilities expense 52,000 Cash 13,700 22,600 Accounts receivable 9,400 Equipment 31,300 Accumulated depreciation-equipment 6,300 Accounts payable 4,800 4,500 Owner's drawings Depreciation expense Service revenue 60,900 4,400 Rent revenue 8,600 Owner's capital (beginning of the year) 53,800 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) SHERIDAN COMPANY Balance Sheet Assets Liabilities and Owner's Equity Liabilities and Owner's Equity . . $ e Textbook and Media

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