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
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
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. |
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