N1.Account Selected transactions for Sheridan Corporation during September 2018, its first month in business, are presented below:Sept. 12(a)581220252730Prepare an equation analysis of the September transactions. Use the following format. (If an amount reduces the account balancethen enter with a negative sign preceding the number e.g. -15,000 or in parenthesis e.g. (15,000).)Sept. 1Sept. 2Sept. 5Sept. 8Sept. 12Sept. 20Sept. 25Sept. 27Issued common shares in exchange for $21,000 cash.Paid $1,300 cash for rent for the month of September.Purchased equipment for $10,400, paying $2,100 in cash and the balance on account.Earned $6,800 in revenue, receiving $900 cash and $5,900 on account of services provided.Incurred $400 in advertising expense on account.Paid $2,900 for repairs and maintenance expenses.Paid $4,600 cash on balance owed for equipment.Incurred and paid income taxes for the month amounting to $1,100.Declared and paid a $500 cash dividend.Sept. 30CashAssetsAccountsReceivableEquipment=AccE

Name: N1.Account Selected transactions for Sheridan Corporation during Septe
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Description: N1.Account Selected transactions for Sheridan Corporation during September 2018, its first month in business, are presented below:Sept. 12(a)581220252730Prepare an equation analysis of the September transactions. Use the following format. (If an amou

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Selected transactions for Sheridan Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $21,000 cash. 2 Paid $1,300 cash for rent for the month of September. 5 Purchased equipment for $10,400, paying $2,100 in cash and the balance on account. (a) 12 8 20 25 27 30 Sept. Prepare an equation analysis of the September transactions. Use the following format. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g.-15,000 or in parenthesis e.g. (15,000).) Sept. 1 2 Sept. 5 Sept. 8 Sept. 12 Sept. 20 Sept. 25 Sept. 27 Earned $6,800 in revenue, receiving $900 cash and $5,900 on account of services provided. Incurred $400 in advertising expense on account. Paid $2,900 for repairs and maintenance expenses. Paid $4,600 cash on balance owed for equipment. Incurred and paid income taxes for the month amounting to $1,100. Declared and paid a $500 cash dividend. Sept. 30 Cash 000 Assets Accounts Receivable 100000 III Equipment 00000000 Acc