need help

q1

q2

Capri Company began the current period with a $25,000 credit balance in the K. Capri, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances. Services revenue Salaries expense Depreciation expense $ 84,00 Interest revenue 39,000 K. Capri, Withdrawals 11,000 Utilities expense $ 10, eee 13, See 5,600 1. After closing the revenue and expense accounts, what is the balance of the Income Summary account? Step 1: Close Revenues to Income Summary Debit Credit Debit Credit Step 2. Close Expenses to Income Summary Check my work Income Summary 0 0 2. After all closing entries are journalized and posted, what is the balance of the K. Capri, Capital account? Step 3: Close Income Summary to Capital Debit Credit Step 4: Close Withdrawals to Capital Beginning balance K. Capri, Capital 25,000 0 Prev 1 of 7 !!! Next > [The following information applies to the questions displayed below.) The following adjusted trial balance at December 31 of Wilson Trucking Company. Credit Debit $ 9,200 18,700 4,200 184,000 $ 37,200 97 , Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals 15,600 5,200 64,000 182, 21,200 142,000 24,700 64,600 9,200 13,200 $ 446,000 $ 446,000 The K. Wilson, Capital account balance was $182,000 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: Required 2 Prepare the income statement for the year ended December 31 WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expono 3 4 5 Income Statement For Year Ended December 31 Revenues Expenses Total expenses 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 K. Wilson, Capital, December 31 current year