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a as soon as possible please The acjusted trial balance for Wildhorse Fishing Centre is as follows. WILDHORSE FISHING CENTRE Adjusted Trial Balance March 31,
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as soon as possible please
The acjusted trial balance for Wildhorse Fishing Centre is as follows. WILDHORSE FISHING CENTRE Adjusted Trial Balance March 31, 2021 Debit Credit cash $7.800 Interest receivable 800 Supplies 1,300 Long-term investments 28.000 Land 47.000 Building 195.000 Accumulated depreciation-building $32,000 Equipment 36.000 Accumulated depreciation-equipment 18,500 Accounts payable 6,000 Interest payable 1,020 Unearned revenue 2.120 Notes payable ($6.000 must be paid in February, 2022) 66.500 R. Falkner.capital 169.660 R. Falkner drawings 46,000 124,700 Service revenue 1,600 Interest revenue Depreciation expense 9,850 Interest expense 3,850 4,500 Insurance e pense Salaries expense 31.500 5.400 Supplies expense 5.100 Utilities expense $422.100 $422100 Prepare a statement of owner's equity. The owner, Rachael Falkner, invested $2,000 cash in the business during the year. (Note: The investment has been recorded and it is included in the capital account.) (List items that increase owner's equity first, WILDHORSE FISHING CENTRE Statement of Owner's Equity $ Question Part Score Current Assets in order of liquidity List Property Plant and Equipment in order of Land Build Prepare an income statement for the year ended March 31, 2021 WILDHORSE FISHING CENTRE Income Statement S V $ V > s Prepare a classified balance sheet. (List Current Assets in order of liquidity List Property: Plant and Equipment in order of Land, Buildings and Equipment WILDHORSE FISHING CENTRE Balance Sheet Assets 3 v v v Liabilities and Owner's Equity Liabilities and Owner's Equity Prepare closing entries. (Credit account titles are automatically inderted when amour required, select No Entry for the account titles and enter for the amountsu) Credit Debit Date Account Titles and Explanation Mar. 31 > >>>>>>>Step by Step Solution
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