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Wildhorse Company ended its fiscal year on July 31, 2020. The company's ac usted trial balance as of the end of its fiscal year is
Wildhorse Company ended its fiscal year on July 31, 2020. The company's ac usted trial balance as of the end of its fiscal year is as follows. Wildhorse Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 $9.900 112 Accounts Receivable 8,700 157 Equipment 15,700 158 Accumulated Depreciation Equip $7,800 201 Accounts Payable 4,400 208 Unsarned Rent Revenue 2.400 301 Owner's Capital 44.100 306 Owner's Drawings 15,500 400 Service Revenue 63,000 Rant Revenue 6,500 711 Depreciation Expanse 7,500 726 Salaries and Wages Expense 56,000 732 Utilities Expense 14,900 $128,200 $129.200 b) Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the numbereg.-45 or parentheses es. (450 Owner's Capital No. 301 Explanation Debit Credit Balance Balance Close Net Income Loca 1 1 Close Drawings Income Summary No. 350 Explanation Debit Credit Balance 1 1 Close Revenues 1 Close Revenues V 1 Close Net Income Loan
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