An analysis of transactions for Wildhorse & Co. a certified public accounting firm, for the month...
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An analysis of transactions for Wildhorse & Co. a certified public accounting firm, for the month of August is shown as follows. is shown as follows. The expenses were $700 for rent, $5,800 for salaries and wages, and $300 for utilities. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment Payable + Capital - Drawings + Revenues Expenses +$14,700 +$14,700 -1,700 -800 +4,800 -1.500 -2,100 -700 +500 -5,800 +$3,800 -500 +$800 +$4,000 Prepare a balance sheet at August 31, 2022. (List Assets in order of liquidity) +$2,300 -1.500 +300 -$2,100 +$8,600 -$700 -5,800 -300 WILDHORSE & CO. Balance Sheet Assets Liabilities and Owner's Equity An analysis of transactions for Wildhorse & Co. a certified public accounting firm, for the month of August is shown as follows. is shown as follows. The expenses were $700 for rent, $5,800 for salaries and wages, and $300 for utilities. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment Payable + Capital - Drawings + Revenues Expenses +$14,700 +$14,700 -1,700 -800 +4,800 -1.500 -2,100 -700 +500 -5,800 +$3,800 -500 +$800 +$4,000 Prepare a balance sheet at August 31, 2022. (List Assets in order of liquidity) +$2,300 -1.500 +300 -$2,100 +$8,600 -$700 -5,800 -300 WILDHORSE & CO. Balance Sheet Assets Liabilities and Owner's Equity
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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