View Policies Current Attempt in Progress Sheridan Ltd. has the following selected transactions: 1. 2. 3. 4. 5. 6. 7. 8. Issued common shares to shareholders in exchange for $6,800. Paid rent in advance for two months, $2,800. Paid administrative assistant $700 salary. Billed clients $1,600 for services provided. Received $1,200 in partial payment from clients for services provided in item 4 above. Purchased $700 of supplies on account. Paid supplier amount owing on account, $700. Borrowed $1,400 cash from the bank to purchase equipment. 1. Journalize the transactions for Sheridan Ltd. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No Account Titles and Explanation 2. 3. Asset Debit Cash 5 Credit !!