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A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and
A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each increase and decrease in stockholders equity is explained.
A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below, Each increase and decrease in stockholders equity is explained. Assets Liabilities: Stockholders' Equity Cash A/R Supp + Equip Accounts Payable + Common Stock + Retained Earnings Revenues Expenses Divid $20,800 $20,800 2 -1,510 54910 $4910 $3,400 $3.400 3. -600 $600 4 4.400 $6,200 $10,600 5. -2,000 -2,000 6 -1.600 -51 7 -700 $700 view of Com.do question 3 of 5 1 $20,000 -/1 2 -1.510 $20.000 3. $4,910 -600 $3400 $600 4. 4.400 $6.200 5. -2.000 $10.600 6. 2.000 -1.600 7 -700 - 51 8 380 -380 -5700 9. -2.600 That-Act 20. -2.600 360 -360 Sector bloce Ingatlan + Stockholders' Equity ccounts ayable Common Stock + Retained Earnings Revenues Expenses Dividends $20.800 $3,400 $10,600 Serv. Rev. -2,000 - $1,600 -$700 Rent Exp. . -2,600 Sal. Exp. 360 -360 Util. Exp. WILDHORSE CO. Income Statement August 31, 2022 Service Revenue $ 10,600 Expenses Rent Expense 360 1600 5.260 Net Income/(Loss) 5.340 Step by Step Solution
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