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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

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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 Cash Accounts receivable office supplies Trucks Land Accumulated depreciation-Trucks Accounts payable Debit $ 10,000 Credit 19,500 5,000 192,000 $ 38,000 105,000 18,000 Interest payable Long-term notes payable 6,000 68,000 K. Wilson, Capital 190,000 K. Wilson, Withdrawals 22,000 Trucking revenue 150,000 Depreciation expense-Trucks 25,500 Salaries expense 67,000 office supplies expense 10,000 Interest expense 14,000 Totals $470,000 $470,000 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 Accounts receivable office supplies Trucks Land Accumulated depreciation-Trucks Accounts payable Debit $ 10,000 Credit 19,500 5,000 192,000 $ 38,000 105,000 18,000 Interest payable Long-term notes payable 6,000 68,000 K. Wilson, Capital 190,000 K. Wilson, Withdrawals 22,000 Trucking revenue 150,000 Depreciation expense-Trucks 25,500 Salaries expense 67,000 office supplies expense 10,000 Interest expense 14,000 Totals $470,000 $470,000

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