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 2,000 Accounts Receivable 2,800 Supplies 1,900 Accounts Payable 1,100 Unearned Service Revenue 420 Owner’s Capital 2,330 Service Revenue 3,600 Salaries and Wages Expense 600 Miscellaneous Expense 150 Total 7,450 7,450 Other data: 1. A physical count reveals $400 of supplies on hand. 2. $140 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $220
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 2,000 Accounts Receivable 2,800 Supplies 1,900 Accounts Payable 1,100 Unearned Service Revenue 420 Owner’s Capital 2,330 Service Revenue 3,600 Salaries and Wages Expense 600 Miscellaneous Expense 150 Total 7,450 7,450 Other data: 1. A physical count reveals $400 of supplies on hand. 2. $140 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $220
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The
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Sheridan Company
Worksheet For the Month Ended June 30, 2020 |
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|
Trial Balance
|
||||
|
Account Titles
|
Dr.
|
Cr.
|
||
| Cash | 2,000 | |||
| Accounts Receivable | 2,800 | |||
| Supplies | 1,900 | |||
| Accounts Payable | 1,100 | |||
| Unearned Service Revenue | 420 | |||
| Owner’s Capital | 2,330 | |||
| Service Revenue | 3,600 | |||
| Salaries and Wages Expense | 600 | |||
| Miscellaneous Expense | 150 |
|
||
| Total | 7,450 | 7,450 |
Other data:
| 1. | A physical count reveals $400 of supplies on hand. | |
| 2. | $140 of the unearned revenue is still unearned at month-end. | |
| 3. | Accrued salaries are $220. |
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
2,000
Accounts Receivable
2,800
Supplies
1,900
Accounts Payable
1,100
Unearned Service Revenue
420
Owner's Capital
2,330
Service Revenue
3,600
and Wages Expense
600
Miscellaneous Expense
150
Totals
7,450
7,450
Supplies Expense
Salaries and Wages Payable
Totals
Net Income
Totals
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