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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

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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 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 Debit Credit $ 8,700 18,200 3,700 179,000 $ 36,700 92,000 14,100 4,700 61,500 177,000 20,700 137,000 24,200 63,100 8,700 12,700 $ 431,000 $ 431,000 M WILSON TRUCKING COMPANY Balance Sheet December 31 Assets Current assets Cash $ 8,700 18,200 Accounts receivable > Office supplies 3,700 Total current assets $ $ 30,600 Plant assets Trucks $ 179,000 179,000 Total plant assets Total assets 179,000 209,600 $ Liabilities Current liabilities Accounts payable $ 14,100 Total plant assets Total assets 179,000 209,600 $ Liabilities Current liabilities Accounts payable Interest payable $ 14,100 4,700 18,800 Total current liabilities Long-term liabilities Long-term notes payable 61,500 Total liabilities 80,300 Equity K. Wilson, Capital Total liabilities and equity

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