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Exercise 4-09 a1,a2-b (Part Level Submission) Sheridan Company ended its fiscal year on July 31,...

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Exercise 4-09 a1,a2-b (Part Level Submission) Sheridan Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Sheridan Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $10,100 112 Accounts Receivable 9,200 157 Equipment 15,500 158 Accumulated Depreciation-Equip. $7,600 201 Accounts Payable 4,600 208 Unearned Rent Revenue 1,500 301 Owner's Capital 47,000 306 Owner's Drawings 16,100 400 Service Revenue 63,000 429 Rent Revenue 6,200 711 Depreciation Expense 7,700 726 Salaries and Wages Expense 56,200 732 Utilities Expense 15,100 $129,900 $129,900 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) SHERIDAN COMPANY Balance Sheet Assets Liabilities and Owner's Equity

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