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22. Use the following adjusted trial balance of Wilson Trucking Company to prepare the (1) Income Statement, (2) Statement of owner's equity, and (3) CLASSIFIED
22. Use the following adjusted trial balance of Wilson Trucking Company to prepare the (1) Income Statement, (2) Statement of owner's equity, and (3) CLASSIFIED Balance Sheet for the year ended December 31, 2017. The K. Wilson, Capital account balance is $175,000 at December 31, 2016. The following two pages contain space for preparation of the three financial statements. 12 points Accounts Receivable Accounts payable Accumulated depreciation- 17,500 16,000 36,000 Trucks Cash Depreciation expense Trucks23,500 K. Wilson, Capital 175,000 20,000 53,000 Long-term notes payable Office supplies Office supplies expense 20,000 Salaries expense Trucks Trucking fees earned 61,000 257,000 130,000
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