The adjusted trial balance of Sheridan Fashion Retailers Inc. appears below. Cash Accounts Receivable Inventory Prepaid...

  

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The adjusted trial balance of Sheridan Fashion Retailers Inc. appears below. Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Property Taxes Payable Common Stock Retained Earnings Dividends Sales Revenue SHERIDAN FASHION RETAILERS, INC. Adjusted Trial Balance December 31, 2025 COGS Depreciation Expense Salaries and Wages Expense (selling 25,400/general 11,000) Insurance Expense Advertising Expense Telephone and Internet Expense Property Tax Expense Debit $6,800 5,300 79,000 2,000 112,400 32,200 236,900 3,600 36,400 1,100 1,300 700 3,000 $520,700 Credit $13,000 10,800 8,500 4,700 1,800 21,800 77,200 382,900 $520,700 Using the information from the adjusted trial balance, you are to prepare for the year ending December 31, 2025 income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Using the information from the adjusted trial balance, you are to prepare for the year ending December 31, 2025 retained earnings statement. (List items that increase retained earnings first.) The adjusted trial balance of Sheridan Fashion Retailers Inc. appears below. Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Property Taxes Payable Common Stock Retained Earnings Dividends Sales Revenue SHERIDAN FASHION RETAILERS, INC. Adjusted Trial Balance December 31, 2025 COGS Depreciation Expense Salaries and Wages Expense (selling 25,400/general 11,000) Insurance Expense Advertising Expense Telephone and Internet Expense Property Tax Expense Debit $6,800 5,300 79,000 2,000 112,400 32,200 236,900 3,600 36,400 1,100 1,300 700 3,000 $520,700 Credit $13,000 10,800 8,500 4,700 1,800 21,800 77,200 382,900 $520,700 Using the information from the adjusted trial balance, you are to prepare for the year ending December 31, 2025 income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Using the information from the adjusted trial balance, you are to prepare for the year ending December 31, 2025 retained earnings statement. (List items that increase retained earnings first.)

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SHERIDAN FASHION RETAILERS INC Income Statement For the Year Ended December 31 2025 Amount Sales Rev... View the full answer