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The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Credit Debit $ 6,600 16,500 2,000 161,000 $ 33,166 75,000 Account Title
The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Credit Debit $ 6,600 16,500 2,000 161,000 $ 33,166 75,000 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 fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals 10,600 3,000 52,000 163,326 19,000 120,000 21,392 56,280 14,000 10,320 $382,092 $382,092 The K. Wilson, Capital account balance was $163,326 at December 31 of the prior year. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of owner's equity for the year ended December 31. Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement For Year Ended December 31 Revenues Expenses Total expenses Prepare the statement of owner's equity for the year ended December 31. WILSON TRUCKING COMPANY Statement of Owner's Equity For Year Ended December 31 K. Wilson, Capital, December 31 prior year K. Wilson, Capital, December 31 current year
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