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Required information [The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account
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 Debit $ 8,700 Credit Accounts receivable 18,200 Office supplies 3,700 Trucks Land 179,000 Accumulated depreciation-Trucks $ 36,700 92,000 Accounts payable 14,100 Interest payable 4,700 Long-term notes payable 61,500 K. Wilson, Capital 177,000 K. Wilson, Withdrawals 20,700 Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals $ 431,000 $ 431,000 137,000 24,200 63,100 8,700 12,700 Current assets Cash Accounts receivable Office supplies Total current assets Plant assets Trucks Total plant assets Total assets Current liabilities Accounts payable WILSON TRUCKING COMPANY Balance Sheet December 31 Assets $ 69 8,700 18,200 3,700 $ 30,600 $ 179,000 179,000 179,000 $ 209,600 Liabilities $ 14,100 Total plant assets Total assets Current liabilities Accounts payable Interest payable Total current liabilities Long-term liabilities Long-term notes payable Liabilities SA $ 179,000 209,600 $ 14,100 4,700 18,800 61,500 Total liabilities 80,300 Equity K. Wilson, Capital Total liabilities and equity
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