Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please fill the blanks and show the steps of calculation: List Of Accounts Administrative Expenses Advertising Expense Cost of Goods Sold Depreciation Expense Dividend Revenue

Please fill the blanks and show the steps of calculation:

image text in transcribed

image text in transcribed

List Of Accounts

Administrative Expenses Advertising Expense Cost of Goods Sold Depreciation Expense Dividend Revenue Dividends Paid Dividends Payable Entertainment Expense Freight-in Freight-out Gain on Disposal of Building Gain on Sale of Equipment Gain on Sale of Land Income Tax Expense Insurance Expense Interest Expense Interest Income Investment Revenue Loss on Disposal of Building Loss on Disposal of Equipment Loss on Disposal of Land Merchandise Inventory Consumed Rent Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Sales Discounts Sales Returns and Allowances Sales Revenue Selling Expenses Utilities Expense
Wildhorse Ltd. is a Canadian public company. Following are the partial trial balances for Wildhorse as at December 31 2018 2017 $51,500 $30,200 Accounts receivable Salaries and wages payable 17,100 26,600 Income tax payable Prepaid insurance Accumulated depriion 96,600 78,700 Interest payable 12,900 17,300 8,400 4,100 2,900 9,000 70 0ri ometa es 900 for i surance and 52 200 for During 2018 Wildhorse collected $380,000 n cash from its customers. Wildhorse also paid out cash of $152 000 for ages, $6 interest. Prepare a single-step income statement for Wildhorse Ltd. for the year ended December 31, 2018 Wildhorse Ltd. Income Statement For the year ended December 31, 2018 Revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Blockchain Techonology In Accounting And Auditing

Authors: Prof Oleksandr Melnychenko

1st Edition

1976900328, 978-1976900327

More Books

Students also viewed these Accounting questions

Question

Ensure continued excellence in people management.

Answered: 1 week ago

Question

Enhance the international team by recruiting the best people.

Answered: 1 week ago