Wildhorse Management Services began business on January 1, 2020, with a capital investment of $133,600 The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue) The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows Wildhorse Management Services Worksheet For the Year Ended December 31, 2020 Trial Balance Adjusted Trial Balance Dr Cr Dr Cr Cash 13,600 13,600 Accounts Receivable 28,200 28,200 Prepaid Insurance 3,792 2,528 Land 66,200 66,200 Buildings 126,600 126,600 Equipment 59,200 59,200 Accounts Payable 12,200 12,200 Unearned Rent Revenue 5,900 1,100 Mortgage Payable 133,600 133,600 Owners Capital 129,092 129,092 Owners Drawings 22,400 22,400 Service Revenue 90,500 90,500 Rent Revenue 29,500 34,300 Salaries and Wages Expense 41,700 41,700 Advertising Expense 20,000 20,000 Utilities Expense 19,100 19,100 Totals 400,792 400,792 Insurance Expense 1,264 Depreciation Expense 6,800 Accumulated DepreciationBuildings 3,100 Accumulated DepreciationEquipment 3,700 Interest Expense 12,000 Interest Payable 12,000 Totals 419,592 419,592 Prepare a complete worksheet Trial Balance Adjustments Account Titles Dr Cr Dr Cr Cash 13,600 Accounts Receivable 28,200 Prepaid Insurance 3,792 Land 66,200 Buildings 126,600 Equipment 59,200 WILDHORSE MANAGEMENT SERVICES Worksheet Adjusted Trial Balance Income Statement Dr Cr Dr Cr Income Statement Balance Sheet Dr Cr Dr Cr Accounts Payable 12,200 Unearned Rent Revenue 5,900 Mortgage Payable 133,600 Owner's Capital 129,092 Owner's Drawings 22,400 Service Revenue 90,500 Rent Revenue 29,500 Salaries and Wages Expense 41,700 Advertising Expense 20,000 Utilities Expense 19,100 Totals 400,792 400,792 Totals 400,792 400,792 400,792 Insurance Expense Depr Expense Accum Depr Buildings Accum Depr Equipment Interest Expense Interest Payable Totals Net Income Totals

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Wildhorse Management Services began business on January 1, 2020, with a capital investment of $133,600. The company manages condominiums for owners (Service Revenue) and rents

Wildhorse Management Services began business on January 1, 2020, with a capital investment of $133,600. The company manages condominiums for owners (Service Revenue) and rents space in its own office building (Rent Revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows.

Wildhorse Management Services Worksheet For the Year Ended December 31, 2020
	Trial Balance		Adjusted Trial Balance
	Dr.	Cr.	Dr.	Cr.
Cash	13,600		13,600
Accounts Receivable	28,200		28,200
Prepaid Insurance	3,792		2,528
Land	66,200		66,200
Buildings	126,600		126,600
Equipment	59,200		59,200
Accounts Payable		12,200		12,200
Unearned Rent Revenue		5,900		1,100
Mortgage Payable		133,600		133,600
Owners Capital		129,092		129,092
Owners Drawings	22,400		22,400
Service Revenue		90,500		90,500
Rent Revenue		29,500		34,300
Salaries and Wages Expense	41,700		41,700
Advertising Expense	20,000		20,000
Utilities Expense	19,100		19,100
Totals	400,792	400,792
Insurance Expense			1,264
Depreciation Expense			6,800
Accumulated DepreciationBuildings				3,100
Accumulated DepreciationEquipment				3,700
Interest Expense			12,000
Interest Payable				12,000
Totals			419,592	419,592

Prepare a complete worksheet. Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Cash 13,600 Accounts Receivable 28,200 Prepaid Insurance 3,792 Land 66,200 Buildings 126,600 Equipment 59,200 WILDHORSE MANAGEMENT SERVICES Worksheet Adjusted Trial Balance Income Statement Dr. Cr. Dr. Cr. Income Statement Balance Sheet Dr. Cr. Dr. Cr. Accounts Payable 12,200 Unearned Rent Revenue 5,900 Mortgage Payable 133,600 Owner's Capital 129,092 Owner's Drawings 22,400 Service Revenue 90,500 Rent Revenue 29,500 Salaries and Wages Expense 41,700 Advertising Expense 20,000 Utilities Expense 19,100 Totals 400,792 400,792 Totals 400,792 400,792 400,792 Insurance Expense Depr. Expense Accum. Depr.- Buildings Accum. Depr.-Equipment Interest Expense Interest Payable Totals Net Income Totals