c3?

The following is Wildhorse Cycle Repair Shop's trial balance at January 31, 2021, the company's fiscal year end: WILDHORSE CYCLE REPAIR SHOP Trial Balance January 31, 2021 Debit Credit Cash $3,600 Accounts receivable 6.710 Prepaid insurance 6,420 Supplies 5,240 Land 59,000 Building 190,000 Accumulated depreciation-building $11,000 Equipment 27.000 4,500 Accumulated depreciation-equipment Accounts payable Unearned revenue 7,400 22,030 Mortgage payable 182,400 H.Dude, capital 61,000 92.100 H. Dude, drawings Service revenue 239,550 119.200 Salaries expense Utilities expense 12.000 Interest expense 6,610 $ 527,880 $ 527,880 Additional information: 1. 2. 3. The 12-month insurance policy was purchased on June 1, 2020. A physical count of supplies shows $ 1,310 on hand on January 31, 2021. The building has an estimated useful life of 50 years. The equipment has an estimated useful life of 9 years. The mortgage payable has a 6% interest rate. Interest is paid on the first day of each month for the previous month's interest. By January 31, 2021, $ 1.300 of services related to the unearned revenue have been provided. During the next fiscal year. $ 4,500 of the mortgage payable is to be paid. 4 a 5. 5. . 6. Prepare the adjusting entries. (Credit account titles 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 o for the amounts. Round answers to o decimal places, e.g. 125.) Date Account Titles and Explanation Debit Credit Jan 31 Insurance Expense 4280 Prepaid Insurance 4280 (To record insurance expired) Jan. 31 Supplies Expense 3930 Supplies 3930 (To record supplies used) Jan. 31 Depreciation Expense 6800 Accumulated Depreciation - Building 3900 IL TOUR Accumulated Depreciation - Equipment 3000 (To record depreciation) Jan. 31 Interest Expense 912 Interest Payable 912 (To record accrued interest) Jan. 31 Unearned Revenue 1300 Service Revenue 1300 (To record revenue for services provided) Prepare an adjusted trial balance. (Round answers to 0 decimal places, e.g. 125.) WILDHORSE CYCLE REPAIR SHOP Adjusted Trial Balance January 31, 2021 Debit Credit Cash 3600 Accounts Receivable 6710 Prepaid Insurance 2140 Supplies 1310 Land 59000 IDIOTORTE Building 190000 Accumulated Depreciation - Building 14800 Equipment 27000 Accumulated Depreciation - Equipment - 7500 Accounts Payable 7400 Interest Payable 952 Unearned Revenue 20730 Mortgage Payable 182400 Accumulated Depreciation - Equipment 7500 Accounts Payable 7400 Interest Payable 912 Unearned Revenue 20730 Mortgage Payable 182400 H. Dude, Capital 61000 H.Dude, Drawings 92100 Service Revenue 240850 Salaries Expense 119200 Utilities Expense 12000 Interest Expense 7522 Insurance Expense 4280 Supplies Expense 3980 Depreciation Expense 6800 Total $ 535592 $ 535592 Prepare an income statement. WILDHORSE CYCLE REPAIR SHOP Income Statement Year Ended January 31, 2021 Revenues * Service Revenue 240850 Expenses Salaries Expense 119200 i Utilities Expense 12000 Interest Expense 7522 Insurance Expense 4280 i Supplies Expense 3930 Depreciation Expense 6800 Total Expenses 153732 Profit/(Loss) $ 87118 Prepare a statement of owner's equity. The owner, Henry Dude, invested $5,000 cash in the business on November 17, 2020. (The investment has been recorded and it is included in the capital account). (List items that increase owner's equity first. Round answers to O decimal places, e.g. 125.) WILDHORSE CYCLE REPAIR SHOP Statement of Owner's Equity Year Ended January 31, 2021 H.Dude, Capital, February 1, 2020 56000 Add :: Investment 5000 Profit/(Loss) 87118 92118 148118 Less : Drawings 92100 i H. Dude, Capital, January 31, 2021 56013 (c3) Prepare a classified balance sheet. The owner, Henry Dude, invested $ 5.000 cash in the business on November 17, 2020. (The investment has been recorded and it is included in the capital account). (List Property, Plant and Equipment in order of Land, Buildings and Equipment. Round answers to 0 decimal places, c.8. 125.) WILDHORSE CYCLE REPAIR SHOP Balance Sheet January 31, 2021 Assets Current Assets Cash . $ Accounts Receivable Prepaid insurance Supplies Total Property. Plant and Equipment + $ Less : Accumulated Depreciation - Building Equipment . $ Less : Accumulated Depreciation - Building Equipment Less : Accumulated Depreciation Equipment : Total Assets $ Liabilities and Owner's Equity Current Liabilities Accounts Payable $ Unearned Revenue Mortgage Payable Interest Payable Long-term Liabilities Total Assets Liabilities and Owner's Equity Current Liabilities Accounts Payable $ Unearned Revenue Mortgage Payable Interest Payable 1 Long-term Liabilities Har in