Please do not give solution in image format thanku The adjusted trial balance for Sheridan Company is given below:SHERIDAN COMPANYTrial BalanceAugust 31, 2022CashAccounts ReceivableSuppliesPrepaid InsuranceEquipmentAccumulated Depreciation-EquipmentAccounts PayableSalaries and Wages PayableUnearned Rent RevenueCommon StockRetained EarningsDividendsService RevenueRent RevenueSalaries and Wages ExpenseSupplies ExpenseRent ExpenseInsurance ExpenseDepreciation ExpenseDr.BeforeAdjustment$10,3608,1402,8904,06016,0002,79016,710017,57000$78,520Cr.$3,6005,17002,03016,6205,35033,04012,710Dr.AfterAdjustment$10,3608,7801,0702,76016,0002,79018,2301,82017,5701,3001,200Cr.$4,8005,1701,5201,12016,6205,35033,68013,620$78,520 $81,880 $81,880 Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)+◆+SHERIDAN COMPANYBalance SheetAssets$+Liabilities and Stockholders' Equity$$$$$

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Description: Please do not give solution in image format thanku The adjusted trial balance for Sheridan Company is given below:SHERIDAN COMPANYTrial BalanceAugust 31, 2022CashAccounts ReceivableSuppliesPrepaid InsuranceEquipmentAccumulated Depreciation-EquipmentA

for preparation of balance sheet, First we need to find out the net profit. SHERIDAN COMPANY…

Business

Accounting

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

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 Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter2: The Basics Of Record Keeping And Financial Statement Preparation: Balance Sheet

Section: Chapter Questions

Problem 8E

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