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These financial statmente items are for Sheridan company at year end, July 31,2024 ...

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Accounting

These financial statmente items are for Sheridan company at year end, July 31,2024
Salaries payable $2,170 notes payable (long-term) $1,720
Saleries expense 49,900. Cash 13,500
Utilities expense 23,100 accounts receivable 9,860
Equipment. 34.510 Accumulated depreciation equipment5,970
Accounts payable 4,070 D. Sheridan, drawings 3,000
Service revenue 64,000. Depreciation expense 3,990
Rent revenue 8,000 D. Sheridan, capital (beginning of the year)51,930
1. Prepare the income statement for the year
2. Prepare a statement of owners equity for the year. The owner did not make any investments during the year
3. Prepare a classifies sheet at July 31

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