The trial balance columns of the worksheet for Sheridan Company at June 30, 2020, are as follows. Sheridan Company Worksheet For the Month Ended June 30, 2020 Trial Balance Dr. Cr. 2,300 Account Titles Cash Accounts Receivable 2,300 Supplies 1,800 Accounts Payable 1,100 Unearned Service Revenue 380 Owner's Capital 2,430 Service Revenue 3,200 Salaries and Wages Expense 510 Miscellaneous Expense 200 Total 7,110 7,110 Other data: 1. A physical count reveals $700 of supplies on hand. 2. $100 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $180.

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Chapter1: Financial Statements And Business Decisions
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Exercise 4-01
The trial balance columns of the worksheet for Sheridan Company at June 30, 2020, are as follows.
Sheridan Company
Worksheet
For the Month Ended June 30, 2020
Trial Balance
Account Titles
Dr.
Cr.
Cash
2,300
Accounts Receivable
2,300
Supplies
Accounts Payable
1,800
1,100
Unearned Service Revenue
380
Owner's Capital
2,430
Service Revenue
3,200
Salaries and Wages Expense
510
Miscellaneous Expense
200
Total
7,110
7,110
Other data:
1.
A physical count reveals $700 of supplies on hand.
2.
$100 of the unearned revenue is still unearned at month-end.
3.
Accrued salaries are $180.
Transcribed Image Text:Exercise 4-01 The trial balance columns of the worksheet for Sheridan Company at June 30, 2020, are as follows. Sheridan Company Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Dr. Cr. Cash 2,300 Accounts Receivable 2,300 Supplies Accounts Payable 1,800 1,100 Unearned Service Revenue 380 Owner's Capital 2,430 Service Revenue 3,200 Salaries and Wages Expense 510 Miscellaneous Expense 200 Total 7,110 7,110 Other data: 1. A physical count reveals $700 of supplies on hand. 2. $100 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $180.
SHERIDAN COMPANY
Worksheet
Account Titles
Trial Balance
Adjustments
Adj. Trial Balance
Income Statement
Balance Sheet
Dr
Cr.
Dr
Cr.
Dr
Cr.
Dr
Cr.
Dr
Cr.
Cash
2,300
Accounts Receivable
2,300
Supplies
1,800
Accounts Payable
1,100
Unearned Service Revenue
380
Owner's Capital
2,430
Service Revenue
3,200
Salaries and Wages Expense
510
Miscellaneous Expense
200
Totals
7,110
7,110
Supplies Expense
Salaries and Wages Payable
Totals
Net Income
Totals
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Transcribed Image Text:SHERIDAN COMPANY Worksheet Account Titles Trial Balance Adjustments Adj. Trial Balance Income Statement Balance Sheet Dr Cr. Dr Cr. Dr Cr. Dr Cr. Dr Cr. Cash 2,300 Accounts Receivable 2,300 Supplies 1,800 Accounts Payable 1,100 Unearned Service Revenue 380 Owner's Capital 2,430 Service Revenue 3,200 Salaries and Wages Expense 510 Miscellaneous Expense 200 Totals 7,110 7,110 Supplies Expense Salaries and Wages Payable Totals Net Income Totals Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Activate Windows Go to Settings to activate Windows. Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER 7:08 PM o search 4/1/2021 目
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