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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 $10,720 $10,720
Accounts Receivable 8,450 9,040
Supplies 2,520 1,310
Prepaid Insurance 4,430 2,970
Equipment 16,500 16,500
Accumulated DepreciationEquipment $3,713 $4,913
Accounts Payable 5,410 5,410
Salaries and Wages Payable 0 1,720
Unearned Rent Revenue 2,160 1,270
Common Stock 18,700 18,700
Retained Earnings 5,700 5,700
Dividends 2,500 2,500
Service Revenue 33,920 34,510
Rent Revenue 13,590 14,480
Salaries and Wages Expense 16,920 18,640
Supplies Expense 0 1,210
Rent Expense 21,153 21,153
Insurance Expense 0 1,460
Depreciation Expense 0 1,200

$83,193

$83,193

$86,703

$86,703

A-) Prepare the income statement for the year ended August 31.

B-) Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.)

C-) Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)

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