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Question 2 of 7 At the end of its fiscal year, the adjusted trial balance of Wildhorse Company is as follows: WILDHORSE COMPANY Adjusted Trial

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Question 2 of 7 At the end of its fiscal year, the adjusted trial balance of Wildhorse Company is as follows: WILDHORSE COMPANY Adjusted Trial Balance July 31, 2021 Debit Credit $2.800 Cash Accounts receivable 11.500 8.500 Prepaid rent Supplies 750 Equipment 19.950 Accumulated depreciation-equipment $5.700 Patents 18.300 Accounts payable 4.295 Interest payable 750 Question 2 of 7 > - / 1E Que Interest payable 750 Ques Accour Unearned revenue 2,050 Notes payable (due on July 1, 2023) 45,100 View Accou B. Wildhorse, capital 28,285 B. Wildhorse drawings 16,700 Que Accou Service revenue 74.300 Interest revenue 320 Que Accou Depreciation expense 2.850 Interest expense 3.000 Que Accou Rent expense 18.550 Salaries expense 37.050 Que Accou Supplies expense 20.850 $160.800 $160.800 Que Accou EEN - /1 E Question 2 of 7 Prepare the closing entries. (Credit account tites are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts.) Date Account Titles and Explanation Debit Credit V July 31 (To close revenue accounts) July 31 -/1 Question 2 of 7 (To close expense accounts) July 31 (To close profit to capital) July 31 (To close drawings account)

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