Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information (The following information applies to the questions displayed below. The following adjusted trial balance at December 31 of Wilson Trucking Company. Credit Debit

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information (The following information applies to the questions displayed below. The following adjusted trial balance at December 31 of Wilson Trucking Company. Credit Debit $ 8,000 17,500 3,000 172,000 $ 36,000 85,000 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 Repairs expense Totals 12,000 4,000 58,000 170,000 20,000 130,000 23,500 61,000 8,000 12,000 $ 410,000 $ 410,000 Journal entry worksheet 1 2 3 4 > Record the closure of revenue account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Trucking revenue Record entry Clear entry View general journal Journal entry worksheet Record the closure of expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal S Journal entry worksheet 3 Record the closure of withdrawals account. Note: Enter debits before credits. General Journal Debit Date Dec 31 Credit Record entry Clear entry View general journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler

5th Edition

0471542830, 9780471542834

More Books

Students also viewed these Accounting questions