Question $6$ of $7$

$\frac{-}{4}$

Current Attempt in Progress

The adjusted trial balance for Sheffield Company is given below:

$\backslash$table$[[\backslash$table$[[$SHEFFIELD COMPANY$],[$Trial Balance$],[$August $31,2025]]],[,\backslash$table$[[$Before$],[$Adjustment$]],\backslash$table$[[$After$],[$Adjustment$]]],[,$Dr$.,$Cr$.,$Dr$.,$Cr$.],[$Cash$,$$$11,390,,$$$11,390,],[$Accounts Receivable,$8,840,,9,530,],[$Supplies$,2,720,,1,070,],[$Prepaid Insurance,$4,140,,2,750,],[$Equipment$,15,000,,15,000,],[$Accumulated Depreciation$-$Equipment,,$$3,375,,$$$4,575],[$Accounts Payable,,$5,030,,5,030],[$Salaries and Wages Payable,,$0,,1,310],[$Unearned Rent Revenue,,$1,880,,950],[$Common Stock,,$13,330,,13,330],[$Retained Earnings,,$5,990,,5,990],[$Dividends$,2,590,,2,590,],[$Service Revenue,,$33,340,,34,030],[$Rent Revenue,,$13,140,,14,070],[$Salaries and Wages Expense,$16,320,,17,630,],[$Supplies Expense,$0,,1,650,],[$Rent Expense,$15,085,,15,085,],[$Insurance Expense,$0,,1,390,],[$Depreciation Expense,$0,,1,200,],[,$$$76,085,$$$76,085,$$$79,285,$$$79,285]]($a$)$

Prepare the income statement for the year ended August $31.$

SHEFFIELD COMPANY

Income Statement

$

$

$1$

eTextbook and Media

List of Accounts

Attempts: unlimited $($b$).$

Prepare the retained earnings statements for the year ended August $31.($List items that increase retained earnings first.$)$

SHEFFIELD COMPANY

Retained Earnings Statement

$

:

$]$

$

eTextbook and Media $($c$)$

Prepare the classified balance sheet at August $31.($List Current Assets in order of liquidity.$)$

SHEFFIELD COMPANY

Balance Sheet

Assets

Liabilities and Stockholders' Equity

$