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

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.1MBA
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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.
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
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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