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The adjusted trial balance for Wildhorse Co. is given below: WILDHORSE CO. Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr.

The adjusted trial balance for Wildhorse Co. is given below:
WILDHORSE CO. Trial Balance August 31, 2017

Before Adjustment

After Adjustment

Dr. Cr. Dr. Cr.
Cash $10,950 $10,950
Accounts Receivable 8,870 9,590
Supplies 2,930 1,630
Prepaid Insurance 4,380 3,070
Equipment 16,800 16,800
Accumulated DepreciationEquipment $3,780 $4,980
Accounts Payable 5,190 5,190
Salaries and Wages Payable 0 1,660
Unearned Rent Revenue 2,000 1,160
Common Stock 17,920 17,920
Retained Earnings 5,940 5,940
Dividends 2,860 2,860
Service Revenue 32,640 33,360
Rent Revenue 12,180 13,020
Salaries and Wages Expense 16,470 18,130
Supplies Expense 0 1,300
Rent Expense 16,390 16,390
Insurance Expense 0 1,310
Depreciation Expense 0 1,200

$79,650

$79,650

$83,230

$83,230

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image text in transcribed
image text in transcribed
Prepare the income statement, retained earnings, and balance sheet for the year ended August 31.

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