Required information [The following information applies to the questions displayed below.) The following adjusted trial balance...

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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 Accumulated depreciation-Trucks Land 137 Accounts payable Interest payable Long-term notes payable. Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals Debit $ 9,900 Credit 19,400 4,900 191,000 $ 37,900 104,000 17,700 5,900 67,500 39,500 149,500 21,900 149,000 25,400 66,700 9,900 13,900 $ 467,000 $467,000 Prepare the closing entries for the year ended December 31. The Retained Earnings account balance was $149,500 at December 31 of the prior year. 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 Accumulated depreciation-Trucks Land 137 Accounts payable Interest payable Long-term notes payable. Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals Debit $ 9,900 Credit 19,400 4,900 191,000 $ 37,900 104,000 17,700 5,900 67,500 39,500 149,500 21,900 149,000 25,400 66,700 9,900 13,900 $ 467,000 $467,000 Prepare the closing entries for the year ended December 31. The Retained Earnings account balance was $149,500 at December 31 of the prior year.