Use the information in the adjusted trial balance reported in Exercise 3-21 to prepare Wilson Trucking Companys

Question:

Use the information in the adjusted trial balance reported in Exercise 3-21 to prepare Wilson Trucking Company’s classified balance sheet as of December 31.

Data from Exercise 3-21

Use the following adjusted trial balance at December 31 of Wilson Trucking Company to prepare the 

(1) Income statement 

(2) Statement of retained earnings, for the year ended December 31. 

The Retained Earnings account balance was $140,000 at December 31 of the prior year.

Account Title Cash Accounts receivable... Office supplies .... Trucks... Accumulated depreciation-Trucks....

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