FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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Transcribed Image Text: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
Prepare an income statement for Wildhorse Inc. for the year ended December 31, 2025.
C
WILDHORSE INC.
Income Statement
LA
$
LA
$
LA
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Transcribed Image Text:Prepare an income statement for Wildhorse Inc. for the year ended December 31, 2025. C WILDHORSE INC. Income Statement LA $ LA $ LA
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