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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 Title
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 $ 9,800 Credit Accounts receivable 19,300 Office supplies Trucks 4,800 190,000 Accumulated depreciation-Trucks $ 37,800 Land 103,000 Accounts payable 17,400 Interest payable Long-term notes payable K. Wilson, Capital 5,800 67,000 188,000 K. Wilson, Withdrawals 21,800 Trucking revenue 148,000 Depreciation expense-Trucks 25,300 Salaries expense 66,400 Office supplies expense Interest expense Totals $464,000 $464,000 9,800 13,800 The K. Wilson, Capital account balance was $188,000 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. (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 Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses 69 0 0 Required 2 (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 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 0 0
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