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Prepare a corrected trial balance for Wildhorse Co.. All accounts should have a normal balance. Wildhorse Co.Trial BalanceFor the Quarter Ended March 31, 2022     Debit   Credit Cash   $28,200     Accounts Receivable       $35,000 Prepaid Insurance    3,500     Equipment    59,000     Accounts Payable       15,200 Unearned Service Revenue    10,500     Notes Payable       21,500 Common Stock       35,000 Retained Earnings   26,900     Dividends        1,200 Service Revenue       50,000 Salaries and Wages Expense   13,400     Utilities Expense   7,800     Rent Expense   11,000         $160,300   $157,900

Prepare a corrected trial balance for Wildhorse Co.. All accounts should have a normal balance. Wildhorse Co.Trial BalanceFor the Quarter Ended March 31, 2022     Debit   Credit Cash   $28,200     Accounts Receivable       $35,000 Prepaid Insurance    3,500     Equipment    59,000     Accounts Payable       15,200 Unearned Service Revenue    10,500     Notes Payable       21,500 Common Stock       35,000 Retained Earnings   26,900     Dividends        1,200 Service Revenue       50,000 Salaries and Wages Expense   13,400     Utilities Expense   7,800     Rent Expense   11,000         $160,300   $157,900

FINANCIAL ACCOUNTING
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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Prepare a corrected trial balance for Wildhorse Co.. All accounts should have a normal balance.

Wildhorse Co.
Trial Balance
For the Quarter Ended March 31, 2022
    Debit   Credit
Cash
   $28,200    
Accounts Receivable
       $35,000
Prepaid Insurance 
   3,500    
Equipment 
   59,000    
Accounts Payable
       15,200
Unearned Service Revenue 
   10,500    
Notes Payable
       21,500
Common Stock
       35,000
Retained Earnings
   26,900    
Dividends 
       1,200
Service Revenue
       50,000
Salaries and Wages Expense
   13,400    
Utilities Expense
   7,800    
Rent Expense
   11,000    
    $160,300   $157,900

 

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