Question
Presented below is the adjusted trial balance ofWildhorseCorporation at December 31, 2020. Debit. Credit Cash $ ? Supplies 1560 Prepaid Insurance 1360 Equipment 48.360 Accumulated
Presented below is the adjusted trial balance ofWildhorseCorporation at December 31, 2020.
Debit. Credit
Cash $ ?
Supplies 1560
Prepaid Insurance 1360
Equipment 48.360
Accumulated Depreciation-Equipment $4,360
Trademarks 1310
Accounts Payable 10360
Salaries and Wages Payable 860
Unearned Service Revenue 2360
Bonds Payable (due 2027) 9360
Common Stock 10360
Retained Earnings 25360
Service Revenue 10,360
Salaries and Wages Expense 9,360
Insurance Expense 1,760
Rent Expense 1,560
Interest Expense 1,260
Total $? $?
Additional information:
1.Net loss for the year was $3,580.
2.No dividends were declared during 2020.
classified balance sheet as of December 31, 2020.(List Current Assets in order of liquidity.)
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