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working capital found out Financiai 5 taternent impact Sheridan Ltad's trial batance at Seoternber 30. 202 1. was as folowe: The company's bookkeeper had failed
working capital found out
Financiai 5 taternent impact Sheridan Ltad's trial batance at Seoternber 30. 202 1. was as folowe: The company's bookkeeper had failed to record adfusting enties for the followine: 1. The compary's employees had earned sataries at $22 poo durirg the tast sir warking davs in September, These will be paid in the first week of October. 2. Intereat on the bank loan was not accrued for the month. The foan bears interest at 6 . 3. No depreciation experse was recorded for the equipment for 5 eptember. The equipment is expected to have ari estimated six-year iseful life. 4. The compary satisfied its pertormance obligationisfelated to $20,000 of the deferred revenue. Quantify the arnount by which Sheridan's working capital would have changed as a result of making the necessary acfustieg entries: Working Capltal is Step by Step Solution
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