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, 2017 Before Adjustment Dr. $10,950 8,870 2,930 4,380 16,800

image text in transcribed
image text in transcribed
The adjusted trial balance for Wildhorse Co. is given below: WILDHORSE CO. Trial Balance August 31, 2017 Before Adjustment Dr. $10,950 8,870 2,930 4,380 16,800 After Adjustment Dr. $10,950 9,590 1,630 3,070 16,800 $3,780 $4,980 5,190 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 0 2,000 17,920 5,190 1,660 1,160 17,920 5,940 5,940 2,860 2,860 32,640 12,180 33,360 13,020 16,470 18,130 5,940 5,940 2,860 2,860 32,640 12,180 33,360 13,020 Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 16,470 18,130 16,390 1,300 16,390 1,310 1,200 $79,650 $79,650 $83,230 $83,230 (a) Prepare the income statement for the year ended August 31. WILDHORSE CO. Income Statement

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

Factory Accounts

Authors: John Whitmore

1st Edition

0367494825, 9780367494827

More Books

Students also viewed these Accounting questions