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The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Account Title. Cash Debit $ 8,000 Credit Accounts receivable. 16,500 office
The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Account Title. Cash Debit $ 8,000 Credit Accounts receivable. 16,500 office supplies 2,000. Trucks Land 153,000 Accumulated depreciation-Trucks $31,518 75,000 Accounts payable 12,000 Interest payable 3,000 Long-term notes payable. 52,000 K. Wilson, Capital 144,016 K. Wilson, Withdrawals 19,000 Trucking fees earned 131,000 Depreciation expense-Trucks 20,329 Salaries expense 61,439 Office supplies expense 7,000 11,266 $373,534 $373,534 Repairs expense-Trucks Totals The K. Wilson, Capital account balance was $144,016 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the income statement for the year ended December 31. WILSON TRUCKING COMPANY Income Statement.
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