The adjusted trial balance for Sheridan Company is given below: SHERIDAN COMPANY Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Before Adjustment Dr. $10,360 8,140 2,890 4,060 16,000 Cr. $3,600 5,170 Dr. After Adjustment $10,360 8,780 1,070 2,760 16,000 Cr. $4,800 5,170 1.520

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The adjusted trial balance for Sheridan Company is given below:
SHERIDAN COMPANY
Trial Balance
August 31, 2022
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation-Equipment
Accounts Payable
Salaries and Wages Payable
Unearned Rent Revenue
Common Stock
Retained Earnings
Dividends
Service Revenue
Rent Revenue
Salaries and Wages Expense
Supplies Expense
Rent Expense
Insurance Expense
Depreciation Expense
Dr.
Before
Adjustment
$10,360
8,140
2,890
4,060
16,000
2,790
16,710
0
17,570
0
0
$78,520
Cr.
$3,600
5,170
0
2,030
16,620
5,350
33,040
12,710
Dr.
After
Adjustment
$10,360
8,780
1,070
2,760
16,000
2,790
18,230
1,820
17,570
1,300
1,200
Cr.
$4,800
5,170
1,520
1,120
16,620
5,350
33,680
13,620
$78,520 $81,880 $81,880
Transcribed Image Text:The adjusted trial balance for Sheridan Company is given below: SHERIDAN COMPANY Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Dr. Before Adjustment $10,360 8,140 2,890 4,060 16,000 2,790 16,710 0 17,570 0 0 $78,520 Cr. $3,600 5,170 0 2,030 16,620 5,350 33,040 12,710 Dr. After Adjustment $10,360 8,780 1,070 2,760 16,000 2,790 18,230 1,820 17,570 1,300 1,200 Cr. $4,800 5,170 1,520 1,120 16,620 5,350 33,680 13,620 $78,520 $81,880 $81,880
Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)
+
◆
+
SHERIDAN COMPANY
Balance Sheet
Assets
$
+
Liabilities and Stockholders' Equity
$
$
$
$
$
Transcribed Image Text:Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.) + ◆ + SHERIDAN COMPANY Balance Sheet Assets $ + Liabilities and Stockholders' Equity $ $ $ $ $
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