accounting

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accounting

Sheridan Company was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.

DebitsCredits
CashR$ 6,000Accumulated Depreciation—EquipmentR$ 600
Accounts Receivable480Notes Payable3,000
Prepaid Rent1,000Accounts Payable700
Supplies800Salaries and Wages Payable300
Equipment11,000Interest Payable50
Dividends400Unearned Rent Revenue300
Salaries and Wages Expense7,000Share Capital—Ordinary11,580
Rent Expense1,000Service Revenue11,000
Depreciation Expense600Rent Revenue1,200
Supplies Expense100R$28,730
Utilities Expense300
Interest Expense50
R$28,730

Determine the net income for the quarter April 1 to June 30. 

Net income/(loss)R$ 

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Determine the total assets and total liabilities at June 30, 2020, for Sheridan Company

Sheridan Company
Total assetsR$ 
Total liabilitiesR$ 

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Determine the amount that appears for Retained Earnings at June 30, 2020.

Retained Earnings, June 30R$ 
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