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3 125 points Required Information The following information applies to the questions displayed below] The following adjusted trial balance at December 31 of Wilson
3 125 points Required Information The following information applies to the questions displayed below] The following adjusted trial balance at December 31 of Wilson Trucking Company Account Title Cash Accounts receivable Debit $ 9,900 Credit Office supplies Trucks 19,400 4,900 191,000 Accumulated depreciation-Trucks $ 37,900 Land 104,000 Accounts payable Interest payable Long-term rotes payable 17,700 5,900 67,500 K. Milson, Capital 189,000 K. Wilson, Withdrawals 21,500 Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals 149.000 25,400 66,700 9,900 13.900 5 467,000 $467,000 Prepare the closing entries for the year ended December 31 No 1 Date December 31 Trucking revenue Answer is not complete. General Journal Income summary 2 December 31 Income summary Depreciation expense-Trucks 00 00 Debit Credit 140,000 140.000 115.000 25.400 the work you have completed so t TRE thows what is correct or incorrect for the work you have completed so far. It does no 3 Long-tere notes payable K. Wilson, Capital 67,500 189,000 K. Wilson, withdrawals 21,900 Trucking revenue 149,000 Depreciation expense-Trucks 25,400 Salaries expense 66,700 125 Office supplies expense 9,900 points Interest expense 11,500 Totals $467,000 $467,000 Prepare the closing entries for the year ended December 31, Answer is not complete. General Journal No 1 Date December 311 Trucking revenue Income summary 2 December 31 income summary Salaries expense Depreciation expense-Trucks Office supplies expense Interest expense 3 December 31 Income summary 4 December 31 K Wison, Capital K Wison Withdrawal Debit Credit 00 00000 140.000 140,000 115.000 25,400 08.700 9.000 13.000 33.100 33,100-> 00 21.000 21,000
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