View Policies Current Attempt in Progress These financial statement items are for Sheffield Tax Services at year-end, July 31, 2020. Salaries and wages payable 2,084 Notes payable (long-term) 1,800 Salaries and wages expense 48,700 Cash 14,200 Utilities expense 22,600 Accounts receivable 9,784 Equipment 34,400 Accumulated depreciation-equipment 6,000 Accounts payable 4,100 Dividends 3,000 Service revenue 63,000 Depreciation expense 4,000 Rent revenue 8,500 Retained earnings (beginning of the year) 31,200 Share capital-ordinary 20,000