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Wildhorse Store is located in midtown Madison. During the past several years, net income has been declining because of wburhan shopping centers. At the end
Wildhorse Store is located in midtown Madison. During the past several years, net income has been declining because of wburhan shopping centers. At the end of the companyscal year on November 30,2022, the following accounts appeared in two of its trial balances Unadjusted Adjusted Unadjusted Adjusted $25.400 $25,400 Accounts Payable $35.000 $35.000 31000 Accounts Receivable 31.000 87 400 87400 Accumulated Depr-Equipment 35.000 46.000 10.000 10.000 10 200 2.500 Cash 25.000 25.000 SOK 000 Cost of Goods Sold SOB.000 2.500 Freight-Out 2.500 5.700 5.700 Notes payable Owner's Capital Owner's Drwings Prepaid Insurance Property Tax Expense Property Tes Payable Rent Expense Salaries and Wages Expense Sales Revenge Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances 15.000 Equipment 145.000 15.000 145.000 11.000 96.000 Depreciation Expense 96,000 7700 720.000 720,000 Insurance Expense 6.000 6,000 Interest Expense 6.500 11.000 2.100 Interest Revenue 2.100 4.500 B.000 8.000 Inventory 30.000 30,000 Utilities Expense 3.500 8.500 1a3 Prepare a balance sheet. Notes payable are due in 2025 (List Current Assets in order of liquidity) WILDHORSE STORE Balance Sheet Assets Liabilities and Owner's Equity Liabilities and Owner's Equity $ $ s e Textbook and Media
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