Wildhorse Company had the following adjusted trial balance. Wildhorse Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,580 Accounts Receivable 3,970 Supplies 450 Accounts Payable $1,700 Unearned Service Revenue 200 Owner's Capital 3,930 Owner's Drawings 550 Service Revenue 5,720 Salaries and Wages Expense 1,500 Miscellaneous Expense 290 Supplies Expense 1,750 Salaries and Wages Payable 540 $12,090 $12,090
Wildhorse Company had the following adjusted trial balance. Wildhorse Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,580 Accounts Receivable 3,970 Supplies 450 Accounts Payable $1,700 Unearned Service Revenue 200 Owner's Capital 3,930 Owner's Drawings 550 Service Revenue 5,720 Salaries and Wages Expense 1,500 Miscellaneous Expense 290 Supplies Expense 1,750 Salaries and Wages Payable 540 $12,090 $12,090
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Wildhorse Company had the following adjusted trial balance.
Wildhorse Company
Adjusted Trial Balance
For the Month Ended June 30, 2020
Adjusted Trial Balance
Account Titles
Debit
Credit
Cash
$3,580
Accounts Receivable
3,970
Supplies
450
Accounts Payable
$1,700
Unearned Service Revenue
200
Owner's Capital
3,930
Owner's Drawings
550
Service Revenue
5,720
Salaries and Wages Expense
1,500
Miscellaneous Expense
290
Supplies Expense
1,750
Salaries and Wages Payable
540
$12,090
$12,090
Transcribed Image Text:Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent
manually.)
No. Account Titles and Explanation
Debit
Credit
1.
(To close revenue account)
2.
(To close expense accounts)
3.
(To close net income / (loss))
4.
(To close drawings)
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