The trial balance forWildhorse Co.appears as follows:

Wildhorse Co. Trial Balance December 31, 2022Cash$320Accounts Receivable564Prepaid Insurance89Supplies194Equipment4320Accumulated Depreciation, Equipment$650Accounts Payable415Common Stock1300Retained Earnings1510Service Revenue3232Salaries and Wages Expense1080Rent Expense540$7107$7107

If the estimated depreciation for equipment were $648, the adjusting entry would co

The policy atWildhorse Co.is to expense all office supplies at the time of purchase. On the last day of the accounting period, there are $1190of unused office supplies on hand and the balance of supplies expense is $3780. What should the accountant do?

Ayayai Corp.received a check for $22560on July 1 which represents a6month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $22560. Financial statements will be prepared on July 31.Ayayai'sshould make the following adjusting entry on July 31:

Mary Richardo has performed $420of CPA services for a client but has not billed the client as of the end of the accounting period. What adjusting entry must Mary make?

Employees atWindsor, Inc.are paid $12900cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31. How much salaries and wages expense should be recorded two days later on January 2?

Based on the account balances below, what is the total of the debit and credit columns of the adjusted trial balance?

Service revenue$5050Equipment$7460Cash2545Prepaid insurance1345Unearned service revenue5580Depreciation expense720Salaries and wages expense

1250Accum. depreciation1470Common stock580Retained earnings640