[The following information applies to the questions displayed below.] The following adjusted trial balance at December 31 of Wilson Trucking Company. Account Title Cash Accounts receivable Debit $ 9,500 19,000 Credit Office supplies 4,500 Trucks 187,000 Accumulated depreciation-Trucks $ 37,500 Land 100,000 Accounts payable 16,500 Interest payable Long-term notes payable 5,500 65,500 Common stock 37,500 Retained earnings 147,500 Dividends 21,500 Trucking revenue 145,000 Depreciation expense-Trucks 25,000 Salaries expense 65,500 Office supplies expense 9,500 13,500 Interest expense Totals $455,000 $455,000 Prepare the closing entries for the year ended December 31. The Retained Earnings account balance was $147,500 at December 31 of the prior year. View transaction list Journal entry worksheet