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These items are taken from the financial statements of Sheffield Corporation for 2022
Retained earnings (beginning of year)
$34,870
Utilities expense
2,180
Equipment
69,870
Accounts payable
19,960
Cash
11,460
Salaries and wages payable
4,110
Common stock
12,000
Dividends
12,000
Service revenue
70,780
Prepaid insurance
4,610
Maintenance and repairs expense
1,620
Depreciation expense
3,370
Accounts receivable
13,360
Insurance expense
2,430
Salaries and wages expense
39,780
Accumulated depreciationequipment
18,960
Retained earnings (beginning of year)
$34,870
Utilities expense
2,180
Equipment
69,870
Accounts payable
19,960
Cash
11,460
Salaries and wages payable
4,110
Common stock
12,000
Dividends
12,000
Service revenue
70,780
Prepaid insurance
4,610
Maintenance and repairs expense
1,620
Depreciation expense
3,370
Accounts receivable
13,360
Insurance expense
2,430
Salaries and wages expense
39,780
Accumulated depreciationequipment
18,960
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