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These items are taken from the financial statements of Wildhorse Co. at December 31, 2022. Buildings $95,000 Accounts receivable 15,100 Prepaid insurance 4,750 Cash 18,590
These items are taken from the financial statements of Wildhorse Co. at December 31, 2022. Buildings $95,000 Accounts receivable 15,100 Prepaid insurance 4,750 Cash 18,590 Equipment 80,300 Land 61,000 Insurance expense 870 Depreciation expense 7,300 Interest expense 2,900 Common stock. 58,500 Retained earnings (January 1, 2022) 38,560 Accumulated depreciation-buildings 45,100 Accounts payable 16,400 Mortgage payable 88,100 Accumulated depreciation-equipment 18,700 Interest payable 3,400 Service revenue 17,050 Prepare a classified balance sheet. Assume that $14,200 of the mortgage payable will be paid in 2023. (List Current assets in order of liquidity. List Property, plant and equipment in order of land, buildings and equipment.) WILDHORSE CO. Balance Sheet Assets $ Liabilities and Stockholders' Equity $ S
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