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Sheridan Company Income statement |
|
| Particulars | Amount |
| Revenues | 53,500.00 |
| Depreciation = 53500-10900-2000-25700 | 14,900.00 |
| Salaries and wages expense | 10,900.00 |
| Interest expense | 2,000.00 |
| Net Income | 25,700.00 |
| Ending retained earnings | 36,200.00 |
| Add Dividend | 5,700.00 |
| Less Net Income | (25,700.00) |
| Beginning retained earnings | 16,200.00 |
| Note payable | 23,200.00 |
| Common Stock | 38,800.00 |
| Retained earnings | 36,200.00 |
| Total Liabilities and stockholder Equity | 98,200.00 |
| Total Assets | 98,200.00 |
| Less Cash | 29,500.00 |
| Equipment (Net) | 61,200.00 |
| Supplies | 7,500.00 |
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