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These financial statement items are for Wildhorse Co. at year-end, July 31, 2022. Salaries and wages payable $3,600 Salaries and wages expense 59,300 Supplies expense
These financial statement items are for Wildhorse Co. at year-end, July 31, 2022. Salaries and wages payable $3,600 Salaries and wages expense 59,300 Supplies expense 17,400 Equipment 15,580 Accounts payable 4,800 Service revenue 67,900 Rent revenue 10,300 Notes payable (due in 2025) 3,300 Common stock 16,000 Cash 37,420 Accounts receivable 11,300 Accumulated depreciation-equipment 7,800 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,300 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) Current Assets Cash Accounts Receivable Total Current Assets Property, Plant and Equipment Equipment Less Accumulated Depreciation-Equipment Property, Plant and Equipment WILDHORSE CO. Balance Sheet Assets Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity $
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