Sheridan Ltd. had the following transactions in its first month of operations: Issued...
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Sheridan Ltd had the following transactions in its first month of operations: Issued common shares in exchange for $ cash. Took out a $ loan from the bank. Paid $ to purchase inventory. Equipment costing $ was purchased for $ cash, with the balance on account. Made sales of $ to customers, with $ being cash sales and the balance on account. The cost of the inventory sold to customers was $ Paid employee wages totalling $ Operating expenses of $ were paid during the month. Deprecation of $ was recorded for the month. Dividends of $ were declared and paid during the month. Calculate the following amounts for the month: Enter loss using either a negative sign preceding the number eg or parentheses eg i Sales revenue $ ii Cost of goods sold $ iii. Total expenses other than cost of goods sold $ iv Net Income or Loss $ 
Sheridan Ltd had the following transactions in its first month of operations:
Issued common shares in exchange for $ cash.
Took out a $ loan from the bank.
Paid $ to purchase inventory.
Equipment costing $ was purchased for $ cash, with the balance on account.
Made sales of $ to customers, with $ being cash sales and the balance on account.
The cost of the inventory sold to customers was $
Paid employee wages totalling $
Operating expenses of $ were paid during the month.
Deprecation of $ was recorded for the month.
Dividends of $ were declared and paid during the month.
Calculate the following amounts for the month: Enter loss using either a negative sign preceding the number eg or parentheses eg
i Sales revenue
$
ii Cost of goods sold
$
iii. Total expenses other than cost of goods sold
$
iv Net Income or Loss
$
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