DebitCreditCash$860 Accounts receivable 1,020 Supplies1,562 Prepaid rent43 Equipment150 Accumulated depreciation-equipment $26Accounts payable 43Unearned service revenue 61Common stock 103Retained earnings ?Service revenue 190Interest revenue 325Salaries and wages expense? Supplies expense__33____Total$3,748? Wahoo Company prepares the financial statements and then prepares the closing entries. What is
DebitCreditCash$860 Accounts receivable 1,020 Supplies1,562 Prepaid rent43 Equipment150 Accumulated depreciation-equipment $26Accounts payable 43Unearned service revenue 61Common stock 103Retained earnings ?Service revenue 190Interest revenue 325Salaries and wages expense? Supplies expense__33____Total$3,748? Wahoo Company prepares the financial statements and then prepares the closing entries. What is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Wahoo Company prepared the following adjusted trial balance as of December 31, 2022.
DebitCreditCash$860 Accounts receivable1,020 Supplies1,562 Prepaid rent43 Equipment150
Accumulated depreciation-equipment $26Accounts payable 43Unearned service revenue 61Common
stock 103 Retained earnings ?Service revenue 190Interest revenue 325Salaries and wages expense?
Supplies expense__33____Total$3,748?
Wahoo Company prepares the financial statements and then prepares the closing entries. What is
the balance in Retained Earnings after the closing entries have been posted?
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