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The following adjusted trial balance at December 31 of Wilson Trucking Company. Prepare the closing entries for the year ended December 31. begin{tabular}{lrr} Cash &
The following adjusted trial balance at December 31 of Wilson Trucking Company.
Prepare the closing entries for the year ended December 31.
\begin{tabular}{lrr} Cash & \multicolumn{1}{c}{ Account Title } & Credit \\ Accounts receivable & 9,600 & \\ 0ffice supplies & 19,100 & \\ Trucks & 4,600 & \\ Accumulated depreciation-Trucks & 188,000 & \\ Land & & $37,600 \\ Accounts payable & 101,000 & \\ Interest payable & & 16,800 \\ Long-term notes payable & & 5,600 \\ K. Wilson, Capital & & 186,000 \\ K. Wilson, Withdrawals & 21,600 & \\ Trucking revenue & & 146,000 \\ Depreciation expense-Trucks & 25,100 & \\ Salaries expense & 65,800 & \\ Office supplies expense & 9,600 & \\ Interest expense & 13,600 & \\ Totals & $458,000 & $458,000 \\ \hline \hline \end{tabular} Journal entry worksheet Prepare the entry to close the revenue account(s). Note: Enter debits before creditsStep by Step Solution
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