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 CreditCash $28,200 Accounts Receivable $35,000Prepaid Insurance 3,500 Equipment 59,000 Accounts Payable 15,200Unearned Service Revenue 10,500 Notes Payable 21,500Common Stock 35,000Retained Earnings 26,900 Dividends 1,200Service Revenue 50,000Salaries and Wages Expense 13,400 Utilities Expense 7,800 Rent Expense 11,000 $160,300 $157,900

Prepare the corrected trial balance for Wildhorse Co.

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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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Prepare a corrected trial balance for Wildhorse Co.. All accounts should have a normal balance.

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
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

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