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Required information Use the following information for Exercises 17-18 below. (Static) [The following information applies to the questions displayed below.] The following adjusted year-end

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Required information Use the following information for Exercises 17-18 below. (Static) [The following information applies to the questions displayed below.] The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Debit $ 8,000 17,500 3,000 172,000 Credit $ 36,000 85,000 Accounts payable 12,000 Interest payable 4,000 Long-term notes payable 58,000 Common stock 15,000 Retained earnings 155,000 Dividends 20,000 Trucking revenue 130,000 Depreciation expense-Trucks 23,500 Salaries expense 61,000 Office supplies expense 8,000 Repairs expense-Trucks 12,000 Totals $410,000 $410,000

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