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...


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Wildhorse Company had the following adjusted trial balance.<br>Wildhorse Company<br>Adjusted Trial Balance<br>For the Month Ended June 30, 2020<br>Adjusted Trial Balance<br>Account Titles<br>Debit<br>Credit<br>Cash<br>$3,580<br>Accounts Receivable<br>3,970<br>Supplies<br>450<br>Accounts Payable<br>$1,700<br>Unearned Service Revenue<br>200<br>Owner's Capital<br>3,930<br>Owner's Drawings<br>550<br>Service Revenue<br>5,720<br>Salaries and Wages Expense<br>1,500<br>Miscellaneous Expense<br>290<br>Supplies Expense<br>1,750<br>Salaries and Wages Payable<br>540<br>$12,090<br>$12,090<br>

Extracted 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
Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent<br>manually.)<br>No. Account Titles and Explanation<br>Debit<br>Credit<br>1.<br>(To close revenue account)<br>2.<br>(To close expense accounts)<br>3.<br>(To close net income / (loss))<br>4.<br>(To close drawings)<br>

Extracted 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)

Jun 10, 2022
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