Exercise 4-01The trial balance columns of the worksheet for Sheridan Company at June 30, 2020, are as follows.Sheridan CompanyWorksheetFor the Month Ended June 30, 2020Trial BalanceAccount TitlesDr.Cr.Cash2,300Accounts Receivable2,300SuppliesAccounts Payable1,8001,100Unearned Service Revenue380Owner's Capital2,430Service Revenue3,200Salaries and Wages Expense510Miscellaneous Expense200Total7,1107,110Other data:1.A physical count reveals $700 of supplies on hand.2.$100 of the unearned revenue is still unearned at month-end.3.Accrued salaries are $180. SHERIDAN COMPANYWorksheetAccount TitlesTrial BalanceAdjustmentsAdj. Trial BalanceIncome StatementBalance SheetDrCr.DrCr.DrCr.DrCr.DrCr.Cash2,300Accounts Receivable2,300Supplies1,800Accounts Payable1,100Unearned Service Revenue380Owner's Capital2,430Service Revenue3,200Salaries and Wages Expense510Miscellaneous Expense200Totals7,1107,110Supplies ExpenseSalaries and Wages PayableTotalsNet IncomeTotalsClick if you would like to Show Work for this question: Open Show WorkLINK TO TEXTActivate WindowsGo to Settings to activate Windows.Question Attempts: UnlimitedSAVE FOR LATERSUBMIT ANSWER7:08 PMo search4/1/2021目

Name: Exercise 4-01The trial balance columns of the worksheet for Sheridan
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Description: Exercise 4-01The trial balance columns of the worksheet for Sheridan Company at June 30, 2020, are as follows.Sheridan CompanyWorksheetFor the Month Ended June 30, 2020Trial BalanceAccount TitlesDr.Cr.Cash2,300Accounts Receivable2,300SuppliesAccount

The solution as per the given template is provided below: Adjustments: Supplies are $1,800 and at…

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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 Dr. Cr. 2,300 Account Titles Cash Accounts Receivable 2,300 Supplies 1,800 Accounts Payable 1,100 Unearned Service Revenue 380 Owner's Capital 2,430 Service Revenue 3,200 Salaries and Wages Expense 510 Miscellaneous Expense 200 Total 7,110 7,110 Other data: 1. A physical count reveals $700 of supplies on hand. 2. $100 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $180.

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 Dr. Cr. 2,300 Account Titles Cash Accounts Receivable 2,300 Supplies 1,800 Accounts Payable 1,100 Unearned Service Revenue 380 Owner's Capital 2,430 Service Revenue 3,200 Salaries and Wages Expense 510 Miscellaneous Expense 200 Total 7,110 7,110 Other data: 1. A physical count reveals $700 of supplies on hand. 2. $100 of the unearned revenue is still unearned at month-end. 3. Accrued salaries are $180.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter6: Receivables And Inventories

Section: Chapter Questions

Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...

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