< Question 14 of 20 The adjusted trial balance of Sheridan Company at December 31, 2022,...

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< Question 14 of 20 The adjusted trial balance of Sheridan Company at December 31, 2022, includes the following accounts: Owner's Capital $17,700, Owner's Drawings $7,400, Service Revenue $36,000, Salaries and Wages Expense $15,200, Insurance Expense $2,900, Rent Expense $3,800, Supplies Expense $2,300, and Depreciation Expense $1,300. The balance in Owner's Capital is the balance as of January 1. : > Prepare an owner's equity statement for the year assuming net income is $10,500 for the year. (List items that increase owner's equity first.) SHERIDAN COMPANY Owner's Equity Statement For the Year Ended December 31, 2022 > .-/ 5 $ C21 द : < Question 14 of 20 The adjusted trial balance of Sheridan Company at December 31, 2022, includes the following accounts: Owner's Capital $17,700, Owner's Drawings $7,400, Service Revenue $36,000, Salaries and Wages Expense $15,200, Insurance Expense $2,900, Rent Expense $3,800, Supplies Expense $2,300, and Depreciation Expense $1,300. The balance in Owner's Capital is the balance as of January 1. : > Prepare an owner's equity statement for the year assuming net income is $10,500 for the year. (List items that increase owner's equity first.) SHERIDAN COMPANY Owner's Equity Statement For the Year Ended December 31, 2022 > .-/ 5 $ C21 द :

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Based on the provided information to prepare an owners equity statement we need to calculate the cha... View the full answer