Sheridan Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted...

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Sheridan Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted trial balance at June 30 is show Cash Accounts Receivable Prepaid Rent Supplies Equipment Owner's Drawings Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Debit $6,300 580 1,000 900 12,400 400 7,400 1,400 700 200 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Credit $700 5,000 800 300 70 300 11,780 11,500 1,200 $31,650 Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense (a) 1,400 Net income. $ 700 200 300 70 $31,650 Service Revenue Rent Revenue Determine the net income for the quarter April 1 to June 30. 11.500 1,200 $31,650 Sheridan Company was organized on April 1, 2022. The company prepares quarterly financial statements. The adjusted trial balance at June 30 is show Cash Accounts Receivable Prepaid Rent Supplies Equipment Owner's Drawings Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Debit $6,300 580 1,000 900 12,400 400 7,400 1,400 700 200 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue Owner's Capital Service Revenue Rent Revenue Credit $700 5,000 800 300 70 300 11,780 11,500 1,200 $31,650 Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense (a) 1,400 Net income. $ 700 200 300 70 $31,650 Service Revenue Rent Revenue Determine the net income for the quarter April 1 to June 30. 11.500 1,200 $31,650

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