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4-10 Preparing an income statement & statement's of owners equity. D Required information Use the following information for the Exercises below. (The following information applies
4-10 Preparing an income statement & statement's of owners equity.
D Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below) The following adjusted trial balance at December 31 of Wilson Trucking Company O BE $ 9,300 18,800 4,300 185,00 $ 37,300 98,000 Cash Accounts receivable office supplies Trucks Accumulated depreciation Trucks Land Accounts payable Interest payable Long-tern notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals 15,900 5,300 64,500 183,000 21,300 143,000 24,800 64,900 9,300 13,300 $ 449,000 $ 449,000 Exercise 4-10 (Algo) Preparing an income statement & statement of owner's equity LO C1 The K. Wilson, Capital account balance was $183,000 at December 31 of the prior year, and there were no owner investments during the year (1) Prepare the income statement for the year ended December 31 (2) Prepare the statement of owner's equity for the year ended December 31 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prey 2 of 12 : Next > LAEI LIVIUUR CUCU OR ILULITE OLIERICIILE OLILETTELUI UWIE DEUMIL LUU. Required information the year (1) Prepare the income statement for the year ended December 31 (2) Prepare the statement of owner's equity for the year ended December 31 complete this question by entering your answers in the tobs below. Required 1 Required 2 Prepare the income statement for the year ended December 31 WILSON TRUCKING COMPANY Income Statement For Yoar Ended December 31 Revenues Expenses Total expenses Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the statement of owner's equity for the year ended December 31. WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year Add: Investments by owner 0 K. Wilson, Capital, December 31 current year Step by Step Solution
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