Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

prepare a trial balance sheet s Exercise 3-14 a-c (Part Level Submission) The following is a list of accounts, in alphabetical order, for Wildhorse, Inc.

prepare a trial balance sheet image text in transcribed
s Exercise 3-14 a-c (Part Level Submission) The following is a list of accounts, in alphabetical order, for Wildhorse, Inc. at July 31, 2018: Accounts payable $ 9,500 Accounts receivable 13,900 Accumulated depreciation-equipment 21,300 Bank loan payable, due 2020 39,000 Cash 8,100 Common shares 37,000 Depreciation expense 9,600 Dividends declared 900 Equipment 99,500 Held for trading investments 20,000 Income tax expense Insurance expense Interest expense Prepaid Insurance Rent expense Repairs and maintenance expense Retained earnings Salaries expense Salaries payable Service revenue $3,000 1,800 3,500 200 8,800 10,400 21,000 24,700 900 75,700 Additional information: All accounts have a normal balance. During the year, the company issued common shares for $11,000

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

More Books

Students also viewed these Accounting questions

Question

Repeat Exercise 4.5 for the model defined under Exercise 4.4.

Answered: 1 week ago