Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
2 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company 33.33 points eBook Account Title Cash Accounts receivable Office supplies Trucks
2 The following adjusted year-end trial balance at December 31 of Wilson Trucking Company 33.33 points eBook Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals Debit Credit $ 8,100 16, See 2, 180,000 $ 37,080 75,000 12,100 3,000 52,000 42,102 138,500 19,000 123,000 23,917 57,687 15,000 10,578 5407,782 $407,782 Hint Print References The Retained Earnings account balance was $138,500 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31 (2) Prepare the statement of retained earnings for the year ended December 31 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started