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These items were taken from the financial statements of Wildhorse Company at December 31, 2022: Buildings $ 84,640 $ 48,000 12,480 Accounts receivable Prepaid insurance

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These items were taken from the financial statements of Wildhorse Company at December 31, 2022: Buildings $ 84,640 $ 48,000 12,480 Accounts receivable Prepaid insurance 32,000 Common stock ( 16,000 shares) Retained earnings (1/1/22) Accumulated depreciation-buildings Accounts payable 2,560 36,640 Cash 9,440 6,800 Equipment 66,176 Notes payable 74,880 Land 48,800 Accumulated depreciation-equipment 14,976 Insurance expense 560 Interest payable 2,880 Depreciation expense 3.920 Service revenue 14,160 Interest expense 1.760 WILDHORSECOMPANY Balance Sheet December 31, 2022 Assets > > These items were taken from the financial statements of Wildhorse Company at December 31, 2022: Buildings $ 84,640 $ 48,000 12,480 Accounts receivable Prepaid insurance 32,000 Common stock ( 16,000 shares) Retained earnings (1/1/22) Accumulated depreciation-buildings Accounts payable 2,560 36,640 Cash 9,440 6,800 Equipment 66,176 Notes payable 74,880 Land 48,800 Accumulated depreciation-equipment 14,976 Insurance expense 560 Interest payable 2,880 Depreciation expense 3.920 Service revenue 14,160 Interest expense 1.760 WILDHORSECOMPANY Balance Sheet December 31, 2022 Assets > >

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