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The unadjusted and adjusted trial balance for Wildhorse Co. are as follows. WILDHORSE CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr.
The unadjusted and adjusted trial balance for Wildhorse Co. are as follows. WILDHORSE CO. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $ 9,374 $ 9,374 Accounts Receivable 7,568 8,084 Supplies 2,150 430 Prepaid Insurance 3,440 2.150 Equipment 13,760 13,760 Accumulated Depreciation-Equipment $ 3,096 $ 4,128 Accounts Payable 4,988 4,988 Salaries and Wages Payable 0 946 Unearned Rent Revenue 1,548 688 Common Stock 8.600 8.600 3,096 4,128 Accounts Payable 4,988 4,988 Salaries and Wages Payable 0 946 Unearned Rent Revenue 1,548 688 Common Stock 8,600 8,600 Retained Earnings 4,730 4,730 Dividends 2,408 2,408 Service Revenue 29,240 29,756 Rent Revenue 10,406 11,266 14,620 15,566 Salaries and Wages Expense Supplies Expense 0 1,720 Rent Expense 9,288 9,288 Insurance Expense 0 1,290 Depreciation Expense 0 1,032 $ 62,608 $ 65,102 $ 65,102 62,608 Prepare the income statement for the year ended August 31. WILDHORSE CO. Income Statement August 31, 2022 Total Revenues Service Revenue Rent Revenue Net Income /(Loss) $ Net Income /(Loss) Salaries and Wages Expense Supplies Expense ME Rent Expense Insurance Expense Total Revenues Service Revenue $ Rent Revenue Net Income /(Loss) $ Net Income /(Loss) Salaries and Wages Expense Supplies Expense Rent Expense COM Insurance Expense Depreciation Expense $ Prepare the classified balance sheet at August 31. (List Assets in order of liquidity.) WILDHORSE CO. Balance Sheet Assets $ $ Prepare the classified balance sheet at August 31. (List Assets in order of liquidity.) WILDHORSE CO. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ $
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