Prepare a corrected trial balance for Wildhorse Co.. All accounts should have a normal balance. Wildhorse Co.Trial BalanceFor the Quarter Ended March 31, 2022 Debit Credit Cash $28,200 Accounts Receivable $35,000 Prepaid Insurance 3,500 Equipment 59,000 Accounts Payable 15,200 Unearned Service Revenue 10,500 Notes Payable 21,500 Common Stock 35,000 Retained Earnings 26,900 Dividends 1,200 Service Revenue 50,000 Salaries and Wages Expense 13,400 Utilities Expense 7,800 Rent Expense 11,000 $160,300 $157,900
Prepare a corrected trial balance for Wildhorse Co.. All accounts should have a normal balance. Wildhorse Co.Trial BalanceFor the Quarter Ended March 31, 2022 Debit Credit Cash $28,200 Accounts Receivable $35,000 Prepaid Insurance 3,500 Equipment 59,000 Accounts Payable 15,200 Unearned Service Revenue 10,500 Notes Payable 21,500 Common Stock 35,000 Retained Earnings 26,900 Dividends 1,200 Service Revenue 50,000 Salaries and Wages Expense 13,400 Utilities Expense 7,800 Rent Expense 11,000 $160,300 $157,900
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section16.5: Preparing A Post-closing Trial Balance
Problem 1OYO
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Question
Prepare a corrected
Wildhorse Co. Trial Balance For the Quarter Ended March 31, 2022 |
||||
---|---|---|---|---|
Debit | Credit | |||
Cash
|
$28,200 | |||
Accounts Receivable
|
$35,000 | |||
Prepaid Insurance
|
3,500 | |||
Equipment
|
59,000 | |||
Accounts Payable
|
15,200 | |||
Unearned Service Revenue
|
10,500 | |||
Notes Payable
|
21,500 | |||
Common Stock
|
35,000 | |||
|
26,900 | |||
Dividends
|
1,200 | |||
Service Revenue
|
50,000 | |||
Salaries and Wages Expense
|
13,400 | |||
Utilities Expense
|
7,800 | |||
Rent Expense
|
11,000 | |||
$160,300 | $157,900 |
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