Question: how do i prepare the adjusting entries that were made with this information? The trial balances before and after adjustment for Wildhorse Company at the

how do i prepare the adjusting entries that were made with this information?

The trial balances before and after adjustment for Wildhorse Company at the end of its fiscal year are presented below.

WILDHORSE COMPANY Trial Balance August 31, 2020

Before Adjustment

After Adjustment

Dr.

Cr.

Dr.

Cr.

Cash

$ 10,300 $ 10,300

Accounts Receivable

8,500 9,600

Supplies

2,400 500

Prepaid Insurance

3,700 2,700

Equipment

12,400 12,400

Accumulated DepreciationEquipment

$ 3,500 $ 4,400

Accounts Payable

5,800 5,800

Salaries and Wages Payable

0 1,400

Unearned Rent Revenue

1,400 800

Owners Capital

13,300 13,300

Service Revenue

34,200 35,300

Rent Revenue

10,800 11,400

Salaries and Wages Expense

16,900 18,300

Supplies Expense

0 1,900

Rent Expense

14,800 14,800

Insurance Expense

0 1,000

Depreciation Expense

0 900
$ 69,000 $ 69,000 $ 72,400 $ 72,400how do i prepare the adjusting entries that were made with thisinformation? The trial balances before and after adjustment for Wildhorse Company at

antones D C o Stanos . concorrect OF

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!