Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The adjusted trial balance for Wildhorse Co. is given below: WILDHORSE CO. Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The adjusted trial balance for Wildhorse Co. is given below: WILDHORSE CO. Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Before Adjustment Dr. Cr. $10,720 8,450 2,520 4.430 16,000 $3,600 5,410 0 2,160 18.700 5.700 2,500 33.920 13,590 16,920 0 21,540 After Adjustment Dr. Cr. $10.720 9,040 1,310 2,970 16,000 $4,800 5,410 1.720 1,270 18,700 5,700 2.500 34,510 14,480 18,640 1.210 21.540 1,460 16,920 0 Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 21,540 18,640 1,210 21.540 1,460 1,200 $86,590 0 0 $83,080 $83,080 $86,590 Prepare the income statement for the year ended August 31 WILDHORSE CO. Income Statement Revenues Expenses G Search or type URL # $ & 3 4 % 5 6 7 8 9 W E R T Y repare the retained earnings statements for the year ended August 31. (List items that inc WILDHORSE CO. Retained Earnings Statement $ A e Textbook and Media List of Accounts Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity) TUTTI I OTCIT OF Turny WILDHORSE CO. Balance Sheet Assets Liabilities and Stockholders' Equity

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

Horngrens Financial & Managerial Accounting, The Managerial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

7th Edition

0136503616, 9780136503613

More Books

Students also viewed these Accounting questions

Question

A coupon for future price reductions

Answered: 1 week ago