The following items and amounts were taken from Wildhorse Inc.'s 2025 income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory $ 93,100 123,900 435,400 119,900 7,900 64,700 Accounts receivable Sales revenue Notes payable Accounts payable Service revenue Interest expense $ 90,200 580,400 6,900 49,600 5,600 1,830

The following items and amounts were taken from Wildhorse Inc.'s 2025 income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory $ 93,100 123,900 435,400 119,900 7,900 64,700 Accounts receivable Sales revenue Notes payable Accounts payable Service revenue Interest expense $ 90,200 580,400 6,900 49,600 5,600 1,830

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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