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WILDHORSE FINANCIAL PLANNERS Adjusted Trial Balance December 31,2020 Credit Debit $3,750 Cash Accounts Receivable 2,300 Supplies 1,900 Equipment 14,700 Accumulated Depreciation-Equipment $3,675 4,050 Accounts Payable

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WILDHORSE FINANCIAL PLANNERS Adjusted Trial Balance December 31,2020 Credit Debit $3,750 Cash Accounts Receivable 2,300 Supplies 1,900 Equipment 14,700 Accumulated Depreciation-Equipment $3,675 4,050 Accounts Payable Unearned Service Revenue 3,985 Common Stock 10,000 Retained Earnings 4,450 Dividends 2,700 5,300 Service Revenue 660 Supplies Expense Depreciation Expense 2,500 2,950 Rent Expense $31,460 $31,460 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. An income statement. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) WILDHORSE FINANCIAL PLANNERS Income Statement $ $ $ Retained Earnings Statement $ $ 3.A balance sheet. (List Assets in order of liquidity.) WILDHORSE FINANCIAL PLANNERS Balance Sheet Assets Liabilities and Stockholders' Equity $ $

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