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These financial statement items are for Wildhorse Co. at year-end, July 31, 2022. Net loss is -$2500. Retained earnings is $28,900. Total assets: $55,900. Total
These financial statement items are for Wildhorse Co. at year-end, July 31, 2022. Net loss is -$2500. Retained earnings is $28,900. Total assets: $55,900. Total liabilities and stockholders' equity is $55,900.
Salaries and wages payable | $ 3,900 | |
Salaries and wages expense | 59,300 | |
Supplies expense | 17,100 | |
Equipment | 21,000 | |
Accounts payable | 3,900 | |
Service revenue | 67,900 | |
Rent revenue | 10,000 | |
Notes payable (due in 2025) | 3,200 | |
Common stock | 16,000 | |
Cash | 31,700 | |
Accounts receivable | 11,200 | |
Accumulated depreciationequipment | 8,000 | |
Dividends | 4,000 | |
Depreciation expense | 4,000 | |
Retained earnings (beginning of the year) | 35,400 |
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