Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need some help with my acounting homework I provide a screenshot down below The following adjusted yearend trial balance at December 31 of Wilson

I need some help with my acounting homework

I provide a screenshot down below

image text in transcribed
The following adjusted yearend trial balance at December 31 of Wilson Trucking Company. Account Title Debit Credit Cash 5 7,600 Accounts receivable 16,500 Office supplies 2,000 Trucks 190,000 Accumulated depreciationTrucks $ 39,140 Land 75,000 Accounts payable 11,600 Interest payable 3,000 Longterm notes payable 52,000 K. Wilson, Capital 174,138 R. Wilson, Withdrawals 19,000 Trucking fees earned 141,500 Depreciation expenseTrucks 25,245 Salaries expense 66,364 Office supplies expense 7,500 Repairs expenseTrucks 12,169 Totals $421,378 $421,373 The K. Wilson. Capital account balance was $174,138 at December 31 of the prioryean (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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hospitals What They Are And How They Work

Authors: Don Griffin, Donald J Griffin

3rd Edition

076372758X, 9780763727581

More Books

Students also viewed these Accounting questions