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The ledger of Wildhorse Co. on July 31, 2020, includes the selected accounts below before adjusting entries have been prepared. Notes Payable Supplies Prepaid

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The ledger of Wildhorse Co. on July 31, 2020, includes the selected accounts below before adjusting entries have been prepared. Notes Payable Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue Debit Credit $18,000 $22,000 5,600 250,000 $120,000 10,200 An analysis of the company's accounts shows the following. The notes payable pays interest at a rate of 12% per year. 1. 2 Supplies on hand at the end of the month totaled $15,400. 3. 4. 5. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $3,500 related to unpaid salaries and wages Depreciation on buildings is $4,560 per year.

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