The adjusted trial balance for Sheridan Company is given below: SHERIDAN COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,360 $10,360 Accounts Receivable 8,140 8,780 Supplies 2,890 1,070 Prepaid Insurance 4,060 2,760 Equipment 15,570 15,570 Accumulated Depreciation—Equipment $3,503 $4,703 Accounts Payable 5,170 5,170 Salaries and Wages Payable 0 1,520 Unearned Rent Revenue 2,030 1,120 Common Stock 16,620 16,620 Retained Earnings 5,350 5,350 Dividends 2,790 2,790 Service Revenue 33,040 33,680 Rent Revenue 12,710 13,620 Salaries and Wages Expense 16,710 18,230 Supplies Expense 0 1,820 Rent Expense 17,903 17,903 Insurance Expense 0 1,300 Depreciation Expense 0 1,200 $78,423 $78,423 $81,783 $81,783 Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)

The trial balances before and after adjustment for Oriole Company at the end of its fiscal year are presented below. ORIOLE COMPANYTrial BalanceAugust 31, 2022     BeforeAdjustment   AfterAdjustment     Dr.   Cr.   Dr.   Cr. Cash   $10,000       $10,000     Accounts Receivable   9,000       10,000     Supplies   2,500       500     Prepaid Insurance   3,800       2,500     Equipment   14,300       14,300     Accumulated Depreciation—Equipment       $ 3,500       $ 4,400 Accounts Payable       5,700       5,700 Salaries and Wages Payable       0       1,400 Unearned Rent Revenue       1,500       800 Owner’s Capital       16,200       16,200 Service Revenue       33,800       34,800 Rent Revenue       11,000       11,700 Salaries and Wages Expense   16,900       18,300     Supplies Expense   0       2,000     Rent Expense   15,200       15,200     Insurance Expense   0       1,300     Depreciation…

Tow-Away Ltd. has provided you with the following accounts and their adjusted closing balances for the year ending 31st December 2020. Accounts Balances ($) Accounts Balances ($) Bank Loan (due on 1st June Accumulated Depreciation – Equipment Utilities Expense Accounts Payable Costs of Goods Sold ? 29,800 1,710 Equipment Inventory PAYG Withheld 84,000 16,900 26,000 7,000 33,800 1,140 Depreciation Expense - Equipment Accounts Receivable Cash 33,100 22,800 Sales Revenues ? Capital, 1st January 2020 Wages Expense GST Collected Drawings Wages Payable Rent Expense Delivery Expense 9,000 102,085 11,400 9,700 5,700 5,900 GST Paid 7,760 855 Additional information The carrying amount of equipment as at 31st December 2020 is 75% of the cost of equipment. The gross profit is $31,000 for the year ending 31st December 2020. Required: Calculate the missing values (boxes filled with "?") of the above table. Answer: Accumulated Depreciation – Equipment: Sales Revenues: Required: Prepare a Classified…

Safety-First Company completed all of its October 31, 2020, adjustments in preparation for preparing its financial statements, which resulted in the following trial balance. Account Balance Accounts payable $ 11,420   Accounts receivable   20,000   Accumulated depreciation, building   79,400   Accumulated depreciation, equipment   37,600   Accumulated depreciation, furniture   21,100   Allowance for doubtful accounts   900   Building   136,600   Cash   11,200   Equipment   90,400   Expenses, including the cost of goods sold   761,400   Furniture   50,700   Land   105,700   Merchandise inventory   35,300   Note payable   85,900   Sales   904,180   Tarifa Sharma, capital   62,680   Unearned revenues   8,120     Other information: All accounts have normal balances. $26,600 of the note payable balance is due by October 31, 2021. The final task in the year-end process was to assess the assets for impairment, which resulted in the following…