You are provided with the following information for Wildhorse Co., effective as of its April 30, 2022, year-end. Accounts payable $ 848 Accounts receivable 880 Accumulated depreciation-equipment 670 Cash 1,320 Common stock 16,600 Cost of goods sold 1,030 Depreciation expense 350 Dividends 325 Equipment 2,510 Goodwill 1,400 Income tax expense 160 Income taxes payable 140 Insurance expense 290 Interest expense 600 Inventory 1,010 Investment in land 14,220 Land 3,500 Mortgage payable (long-term) 4,100 Notes payable (short-term) 62 Prepaid insurance Customize and control Google Chrome 1,400 Retained earnings (beginning) Salaries and wages expense 900 Salaries and wages payable 245 Sales revenue 6,300 Stock investments (short-term) 1,800

You are provided with the following information for Wildhorse Co., effective as of its April 30, 2022, year-end. Accounts payable $ 848 Accounts receivable 880 Accumulated depreciation-equipment 670 Cash 1,320 Common stock 16,600 Cost of goods sold 1,030 Depreciation expense 350 Dividends 325 Equipment 2,510 Goodwill 1,400 Income tax expense 160 Income taxes payable 140 Insurance expense 290 Interest expense 600 Inventory 1,010 Investment in land 14,220 Land 3,500 Mortgage payable (long-term) 4,100 Notes payable (short-term) 62 Prepaid insurance Customize and control Google Chrome 1,400 Retained earnings (beginning) Salaries and wages expense 900 Salaries and wages payable 245 Sales revenue 6,300 Stock investments (short-term) 1,800

Name: You are provided with the following information for Wildhorse Co., ef
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Description: You are provided with the following information for Wildhorse Co., effective as of its April 30, 2022, year-end.Accounts payable$ 848Accounts receivable880Accumulated depreciation-equipment670Cash1,320Common stock16,600Cost of goods sold1,030Depreci

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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