70.2K

Verified Solution

Link Copied!

Wildhorse Company has the following balances in selected accounts on December 31, 2022.

Accounts Receivable

Accumulated Depreciation--Equipment

Equipment

Interest Payable

Notes Payable

Prepaid Insurance

Salaries and Wages Payable

Supplies

Unearned Service Revenue

$0

O

8,000

O

10.000

2,040

O

2,700

32.000

please write the entries exactly like in the picture ( specific )

Wildhorse Company has the following balances in selected accounts on December 31,2022. All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Wildhorse Company borrowed $10.800 by signing a 9%, one-year note on September 1,2022. 2. A count of supplies on December 31,2022 , indicates that supplies of $820 are on hand: 3. Depreciation on the equipment for 2022 is $1,900. 4. Wildhorse paid $2.040 for 12 months of insurance coverage on June 1,2022 4. Withorse paid $2,040 for 12 months of insurance coverage on June 1,202.2. 5. On December 1, 2022, Wildhorse collected $32,000 for consulting services to be performed eventy from December 1,2022. through March 31,2023. 6. Wildhorse performed consulting services for a client in December 2022. The client will be billed $4,100. 7. Wildhorse pays its employees ttal salaries of \$5,200 every Monday for the preceding 5-day week (Monday through Friday). OnMonday, December 29 , employees were paid for the week ending December 26 . All employees worked the last 3 days of 2022. Prepare adjusting entries for the seven items described above. Devin Wolf prepares adjustments annualiy. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Question 1 of 4 125 3. 4. 5. 6. 7. eTextbook and Media

Answer & Explanation Solved by verified expert

See Answer