Notes payable (due on July 1, 2026) B. Wildhorse, capital B. Wildhorse drawings 46,100 33,780 17,600 Service revenue 76,100 Interest revenue 870 Depreciation expense 3,950 Interest expense 4,100 Rent expense 19,650 Salaries expense 37,150 Supplies expense 21,950 $173,440 $173,440 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)

Notes payable (due on July 1, 2026) B. Wildhorse, capital B. Wildhorse drawings 46,100 33,780 17,600 Service revenue 76,100 Interest revenue 870 Depreciation expense 3,950 Interest expense 4,100 Rent expense 19,650 Salaries expense 37,150 Supplies expense 21,950 $173,440 $173,440 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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