The adjusted trial balance for Wildhorse Company, owned by D. Wildhorse, are as follows: WILDHORSE COMPANY Adjusted Trial Balance December 31, 2021 Account No. Cr. 101 112 126 130 Adjusted Trial Balance Dr. $4,800 9,500 1,300 3,200 27.700 $4,800 15,800 7.100 2.000 157 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Wildhorse, capital D. Wildhorse, drawings Service revenue Advertising expenses Supplies expense Depreciation expense Insurance expense Salaries expenses Interest exmense 201 212 230 301 306 400 670 10.500 7,600 60,300 610 631 711 7.100 4.900 4.800 2.900 26.700 722 726 005 917/assignments/3638740 905 Interest expense Totals 670 $101,170 $101,170 Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no ent required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 (To close revenue accounts) Dec. 31 (To close expense accounts) ADO ENG ses/34917/assignments/3638740 (To dose expense accounts) Dec. 31 (To cose income summary account) Dec. 31 (To close drawings) e Textbook and Media Use T accounts to post the closing entries and calculate the balance in each account. Income Summary is account No. 3. accounts not affected by the closing entries.) (Post entries in the order of journal entries presented in the previous part. For bu O select bal for the date and for the amount for the normal balance of the account.) Income Summary No. 350 $/34917/assignments/3638740 O select bal for the date and for the amount for the normal balance of the account.) Income Summary No. 350 D. Wildhorse, Capital No. 301 D. Wildhorse, Drawings No. 306 Service Revenue ON ses/34917/assignments/3638740 D. Wildhorse, Drawings No. 306 Service Revenue No. 400 Advertising Expense No. 610 Supplies Expense No. 631 4917/assignments/3638740 Supplies Expense No. 631 Depreciation Expense No. 711 Insurance Expense No. 722 Interest Expense No. 905 17/assignments/3638740 Interest Expense No. 905 Salaries Expense No. 726 eTextbook and Media Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.) WILDHORSE COMPANY Post-Closing Trial Balance 34917/assignments/3638740 WILDHORSE COMPANY Post-Closing Trial Balance Debit Credit Totals The adjusted trial balance for Wildhorse Company, owned by D. Wildhorse, are as follows: WILDHORSE COMPANY Adjusted Trial Balance December 31, 2021 Account No. Cr. 101 112 126 130 Adjusted Trial Balance Dr. $4,800 9,500 1,300 3,200 27.700 $4,800 15,800 7.100 2.000 157 Account Titles Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable Interest payable D. Wildhorse, capital D. Wildhorse, drawings Service revenue Advertising expenses Supplies expense Depreciation expense Insurance expense Salaries expenses Interest exmense 201 212 230 301 306 400 670 10.500 7,600 60,300 610 631 711 7.100 4.900 4.800 2.900 26.700 722 726 005 917/assignments/3638740 905 Interest expense Totals 670 $101,170 $101,170 Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no ent required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 (To close revenue accounts) Dec. 31 (To close expense accounts) ADO ENG ses/34917/assignments/3638740 (To dose expense accounts) Dec. 31 (To cose income summary account) Dec. 31 (To close drawings) e Textbook and Media Use T accounts to post the closing entries and calculate the balance in each account. Income Summary is account No. 3. accounts not affected by the closing entries.) (Post entries in the order of journal entries presented in the previous part. For bu O select bal for the date and for the amount for the normal balance of the account.) Income Summary No. 350 $/34917/assignments/3638740 O select bal for the date and for the amount for the normal balance of the account.) Income Summary No. 350 D. Wildhorse, Capital No. 301 D. Wildhorse, Drawings No. 306 Service Revenue ON ses/34917/assignments/3638740 D. Wildhorse, Drawings No. 306 Service Revenue No. 400 Advertising Expense No. 610 Supplies Expense No. 631 4917/assignments/3638740 Supplies Expense No. 631 Depreciation Expense No. 711 Insurance Expense No. 722 Interest Expense No. 905 17/assignments/3638740 Interest Expense No. 905 Salaries Expense No. 726 eTextbook and Media Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.) WILDHORSE COMPANY Post-Closing Trial Balance 34917/assignments/3638740 WILDHORSE COMPANY Post-Closing Trial Balance Debit Credit Totals