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nces The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Account Title Cash Accounts receivable office supplies Debit $ 6,600
nces The following adjusted year-end trial balance at December 31 of Wilson Trucking Company Account Title Cash Accounts receivable office supplies Debit $ 6,600 Credit 16,500 2,000 Trucks Accumulated depreciation-Trucks Land 189,000 $ 38,934 75,000 Accounts payable 10,600 Interest payable 3,000 Long-term notes payable 52,000 Common stock 51,506 Retained earnings 138,500 Dividends 19,000 Trucking fees earned 110,500 Depreciation expense-Trucks 25,112 Salaries expense 51,825 office supplies expense 10,500 Repairs expense-Trucks Totals 9,503 $405,040 $405,040 The Retained Earnings account balance was $138,500 at December 31 of the prior year. (1) Prepare the Income statement for the year ended December 31. (2) Prepare the statement of retained earnings for the year ended December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses
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