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At the end of its fiscal year, the adjusted trial balance of Wildhorse Company is as follows: Credit WILDHORSE COMPANY Adjusted Trial Balance July 31,

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At the end of its fiscal year, the adjusted trial balance of Wildhorse Company is as follows: Credit WILDHORSE COMPANY Adjusted Trial Balance July 31, 2021 Debit Cash $2,800 Accounts receivable 11,500 Prepaid rent 8,500 Supplies 750 Equipment 19,950 Accumulated depreciation-equipment Patents 18.300 Accounts payable Interest payable Uneamed revenue Notes payable (due on July 1, 2023) B. Wildhorse, capital $5,700 4.295 750 2,050 45.100 28,285 4.295 750 2,050 45,100 28,285 16,700 Accounts payable Interest payable Unearned revenue Notes payable (due on July 1, 2023) B. Wildhorse, capital B. Wildhorse drawings Service revenue Interest revenue Depreciation expense Interest expense Rent expense Salaries expense Supplies expense 74,300 320 2,850 3,000 18,550 37,050 20,850 $160,800 $160,800 Prepare the closing entries. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry iste Wil required, select "No Entry for the account titles and enter for the amounts:) Gato Sengst Prepare the closing entries. (Credit account ttles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue accounts) July 31 Activate Windo Go to Setting to (To close revenue accounts) July 31 v 5 V C

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