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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 Debit. Credit Cash $8,000 Accounts receivable. 17,500 office supplies 3,000 Trucks 172,000 Accumulated depreciation-Trucks $ 36,000 Land 85,000 Accounts payable 12,000 Interest payable Long-term notes payable 4,000 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 Exercise 3-17 (Static) Preparing financial statements from an adjusted trial balance LO P5 The Retained Earnings account balance was $155,000 at December 31 of the prior year.

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