FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The
|
Sheridan Company
Worksheet For the Month Ended June 30, 2020 |
||||
|
Trial Balance
|
||||
|
Account Titles
|
Dr.
|
Cr.
|
||
| Cash | 2,000 | |||
| 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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